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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mercer Resources | LSE:MCR | London | Ordinary Share | GB00BBNBM331 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.65 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMCR
RNS Number : 0092T
Mercer Resources PLC
30 September 2014
Mercer Resources plc
("Mercer" or the "Company")
Interim Report
The board announces its unaudited interim results for the six month period ended 30 June 2014
HIGHLIGHTS
Total comprehensive loss for the period GBP87,000 (2013: GBP14,000)
GBP193,500 raised by placing 10,333,333 new ordinary shares and GBP90,167 Convertible Loan Notes that will convert into 9,016,700 ordinary shares on full conversion
CHAIRMAN'S STATEMENT
Several potential transactions were reviewed during the period in order to fulfil the Company's investing strategy but none were deemed suitable to execute and put to the shareholders for approval. Unfortunately this meant that the investing strategy could not be met by 30 July 2014 and the Company's shares are as of the date of this report suspended from trading on AIM.
The Board is continuing to review potential opportunities and hopes to be able to announce a transaction and convene a Shareholder meeting to approve a Reverse Takeover or otherwise implement the Company's investing strategy to the satisfaction of the Exchange...
The Board would like to thank shareholders for their continued support and patience during the period.
Trevor Wells
Non-Executive Chairman
For further information please see www.mercerresources.com or contact:
Mercer Resources plc Trevor Wells 020 3301 9331 Nominated Adviser Matthew Robinson finnCap Limited 20 7220 0500 Broker Lucy Williams/Heena Karani Peterhouse Corporate Finance Limited 020 7469 0932
UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
for the six months to 30 June 2013
6 Months to 6 Months to Year ended 31 30 June 2014 30 June 2013 December 2013 GBP'000 GBP'000 GBP'000 Continuing operations Administrative expenses (87) (25) (239) Net change in investments - - (3) --------------------------------- Operating Loss (87) (25) 242 Other gains and losses - - 432 Loss before taxation (87) (25) (674) Taxation - - - Loss after taxation (87) (25) (674) Discontinued operations - 11 (674) ---------------- ---------------- ------------------- Loss for the period (87) (14) (674) Basic and diluted loss per share (pence): --------------------------------- ---------------- ---------------- ------------------- From continuing and total operations (0.001)p (0.003)p (1.99)p From discontinued operations - 0.001p - --------------------------------- ---------------- ---------------- ------------------- Total loss per share for the period (0.001)p (0.020)p (1.99)p
.
UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 30 June 2013
As at As at As at 30 June 30 June 31 December 2014 2013 2013 GBP'000 GBP'000 GBP'000 Assets Non-current assets Other receivables - - - ---------------- --------- ------------------------- - - - ---------------- --------- ------------------------- Current Assets Investments held at fair value through profit or loss 31 - 31 Cash and cash equivalents 175 - 68 Assets classified as held for sale 950 - Trade and other receivables 11 - 15 ---------------- --------- 217 950 114 Total assets 217 950 114 ---------------- --------- ------------------------- Non-current liabilities Subordinated loan notes 90 133 - Current Liabilities - Trade and other payables 19 23 Liabilities directly associated with - 671 - assets classified as held for sale ---------------------------------------- ---------------- --------- ------------------------- Total Liabilities 109 804 23 ---------------------------------------- Net assets/(liabilities) 108 146 91 ---------------------------------------- ---------------- --------- ------------------------- Equity and liabilities Equity Issued share capital 3,057 2,882 2,954 Share premium 2,042 1,462 2,042 Merger reserve 3,278 - Preference Shares 2,086 - Reverse acquisition reserve (5,036) - Capital redemption reserve 1,844 - 1,844 Accumulated losses (6,835) (4,526) (6,749) ---------------------------------------- ---------------- --------- ------------------------- Equity attributable to owners of the Company 108 146 91 ---------------------------------------- ---------------- --------- -------------------------
UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
for the Six Months to 30 June 2013
Share Share Merger Preference Capital Retained Total capital premium Reserve Shares Redemption Earnings reserve GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 Balance at 1 January 2013 2,882 1,462 3,278 2,074 - (9,548) 148 Subordinated Debt Converted - - - - - - - to Preference Shares Loss for the period - - - - - (2) (2) Balance at 30 June 2013 2,882 1,462 3,278 2,074 - (9,550) 146 ----------------- -------- -------- ------------ ----------- --------- -------- Issue of share capital 50 382 - - - - 432 Share issue costs (10) - - - - (10) Conversion of preference shares 22 208 - (2086) 1,844 - - Transfer of Merger Reserve (3278) 3,278 - Loss for the period - - - - (476) (476) Balance 31 December 2013 2,954 2,042 - - 1,844 (6,748) 92 ----------------- -------- -------- ------------ ----------- --------- -------- Issue of share capital 175 580 - - - - 755 Loss for the period - - - - (87) (14) Balance at 30 June 2014 3,057 2,042 - - 1,844 (6,835) 108 ================= ======== ======== ============ =========== ========= ========
UNAUDITED CONSOLIDATED CASH FLOW STATEMENT
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