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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Atlantic Coal | LSE:ATC | London | Ordinary Share | GB00B142G994 | ORD 0.07P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.09 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
A reconciliation of the movements in the number of options and warrants outstanding and exercisable during the period is as follows:
Number Outstanding as at 1 January 2012 560,283,449 ---------------------------------- ------------ Exercised - Expired - Outstanding as at 30 June 2012 560,283,449 ---------------------------------- ------------ Exercisable at 30 June 2012 560,283,449 9. Other Reserves Share option reserve $ At 1 January 2012 131,837 Options and warrants exercised - Options and warrants expired - At 30 June 2012 131,837 -------------
10. Borrowings
On 7 March 2012 Stephen Best, a Director of Atlantic Coal took assignment of a debt totalling GBP153,890 owed to Religare Capital Markets Plc by Coal Contractors (1991) Inc. The fair value of the debt at the date of assignment was GBP153,890.
11. Events after balance sheet date
On 31 July 2012 the loan reassigned from Religare Capital Plc to Stephen Best on 7 March 2012 was repaid in full with a cash payment of GBP132,532.
On 25 September 2012 the Company agreed an extension with Reading Anthracite Company to extend the lease option agreement over the Pott & Bannon anthracite mining property until 27 March 2013 which will enable the completion of due diligence. There were no costs incurred by Company in receiving this extension. Further details in relation this extension are contained in the Company's announcement on 26 September 2012.
12. Approval of interim financial statements
The Condensed interim financial statements were approved by the Board of Directors on 26 September 2012.
13. Copies of report:
Copies of these Interim results will be sent to shareholders upon request. Otherwise, shareholders will be able to download a copy of the interim results from the Company's website www.atlanticcoal.com. Further copies will be available from the Company Secretary, Manu Consulting Limited, at Atlantic Coal Plc, 200 Strand, London WC2R 1DJ.
Independent Review Report to Atlantic Coal Plc
Introduction
We have been engaged by Atlantic Coal Plc to review the condensed set of Financial Statements in the half-yearly financial report for the six months ended 30 June 2012 which comprise the condensed consolidated income statement, condensed consolidated statement of comprehensive income, condensed consolidated balance sheet, consolidated statement of changes in equity, condensed consolidated cash flow statement and related notes. We have read the other information contained in the half-yearly financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of Financial Statements.
Directors' Responsibilities
The half-yearly financial report is the responsibility of, and has been approved by, the Directors. The Directors are responsible for preparing the half-yearly financial report in accordance with the AIM Rules for Companies.
The annual Financial Statements of the Group are prepared in accordance with IFRSs as adopted by the European Union. The condensed set of Financial Statements included in this half-yearly financial report has been prepared in accordance with the requirements of the AIM Rules for Companies.
Our Responsibility
Our responsibility is to express to the Company a conclusion on the condensed set of Financial Statements in the half-yearly financial report based on our review. This report, including the conclusion, has been prepared for and only for the Company for the purpose of the AIM Rules for Companies and for no other purpose. We do not, in producing this report, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.
Scope of review
We conducted our review in accordance with the International Standard on Review Engagements 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the condensed set of Financial Statements in the half-yearly financial report for the six months ended 30 June 2012 is not prepared, in all material respects, in accordance with the AIM Rules for Companies.
Littlejohn LLP
Chartered Accountants and Registered Auditors
1 Westferry Circus
Canary Wharf
London
E14 4HD
26 September 2012
This information is provided by RNS
The company news service from the London Stock Exchange
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