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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Baskerville Capital Plc | LSE:BASK | London | Ordinary Share | GB00BDZRYX75 | ORD GBP0.005 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.45 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMBASK
RNS Number : 5615N
Baskerville Capital PLC
10 May 2018
10(th) May 2018
BASKERVILLE CAPITAL PLC
("Baskerville" or "the Company")
Interim Report for the period ended 31 December 2017
Baskerville (BASK) announces its unaudited interim financial results for the period ended 31 December 2017.
Period highlights
-- On 22 September 2017, the Company was admitted to the standard segment of the Official List and to trading on the London Stock Exchange's Main Market
-- The Company was formed to undertake an acquisition in the technology sector -- Raised GBP1.8 million cash (gross) through the listing of 36,000,000 new ordinary shares
Rodger Sargent, Chairman of Baskerville said: "We continue to consider a number of potential investments within the technology sector. When we have identified a company that has the potential to create significant shareholder value, we will update the market."
For information please contact:
Baskerville Capital www.baskcap.com plc Rodger Sargent via Walbrook PR Walbrook PR Ltd Tel: 020 7933 8780 or baskerville@walbrookpr.com Paul Cornelius Mob: 07866 384 707 Sam Allen Mob: 07884 664 686
CHAIRMAN'S STATEMENT
Introduction
I am pleased to present the unaudited interim results for the period ended 31 December 2017. Baskerville floated on the standard segment of the Official List and was admitted to trading on the London Stock Exchange on 22 September 2017, with the remit to invest in the technology sector.
During this interim period, Baskerville recorded a loss of GBP50,696, being the minimal running costs of the Company. Cash assets at period end were nearly GBP1.7 million with no debts.
Outlook
We continue to consider a number of potential investments within the technology sector. When we have identified a company that has the potential to create significant shareholder value, we will update the market.
Rodger Sargent
Chairman
10(th) May 2018
INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD FROM 6 APRIL 2017 TO 31 DECEMBER 2017
Hot Features
Premium
Notes GBP
Revenue 2 -
-------------------
Gross profit -
General & administrative expenses (50,696)
-------------------
Loss from operations before
interest (50,696)
Interest income -
--------------------
Loss before tax (50,696)
Tax -
---------------------
Retained Loss after tax for
the period (50,696)
=============
Retained loss attributable to:
Owners of the company (50,696)
-------------------
Loss for period (50,696)
=============
Total comprehensive loss attributable
to:
Owners of the company (50,696)
---------------------
Total comprehensive loss for
the period (50,696)
=============
Loss per share
Basic and diluted 3 (0.21p)
=============
INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2017
Notes GBP
ASSETS
Current assets
Cash and cash equivalents 1,696,384
-----------------------
TOTAL CURRENT ASSETS 1,696,384
CURRENT LIABILITIES
Trade and other payables (40,586)
------------------------
TOTAL NET ASSETS 1,655,798
============
Share capital 4 239,000
Share premium reserve 1,467,494
Retained loss (50,696)
------------------------
TOTAL EQUITY 1,655,798
============
INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD FROM 6 APRIL 2017 TO 31 DECEMBER 2017
Share
Share premium Retained Total
capital account loss equity
GBP GBP GBP GBP
As at 6 April 2017 - - - -
Loss for the period - - (50,696) (50,696)
Total comprehensive
income for the period - - (50,696) (50,696)
-------- ------------ --------- ----------
Share capital issued
(net of transaction
costs) 239,000 1,467,494 - 1,706,494
Balance at 31 December
2017 239,000 1,467,494 (50,696) 1,655,798
======== ============ ========= ==========
INTERIM STATEMENT OF CASH FLOW
FOR THE PERIOD FROM 6 APRIL 2017 TO 31 DECEMBER 2017
Cash flow from operating activities
Loss for the period (50,696)
-------------------------
Operating cash flows before movements
in working capital (50,696)
Interest income -
Increase in receivables -
Increase in payables 40,586
---------------------
Net cash outflow from operating activities (10,110)
Cash flow from investing activities
Interest income -
------------------------
Net cash flow from investing activities -
Cash flow from financing activities
Net proceeds from issue of share capital 1,706,494
------------------------
Net cash flow from financing activities 1,706,494
Net cash inflow for the period 1,696,384
----------------------
Cash and cash equivalents at start of -
period
-----------------------
Cash and cash equivalents at end of period 1,696,384
============
NOTES TO THE UNAUDITED INTERIM REPORT
FOR THE PERIODED 31 DECEMBER 2017
1. BASIS OF PREPARATION
The interim financial statements have been prepared on a going concern basis and in accordance with the recognition and measurement principles of International Financial Reporting Standards adopted for use in the European Union ("IFRS").
The interim financial statements for the period ended 31 December 2017 have not been audited and do not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006.
This Interim Financial Report was approved by the Board of Directors on 9(th) May 2018.
Statement of compliance
These condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard ('IAS') 34 - Interim Financial Reporting as adopted by the European Union. Accordingly the interim financial statements do not include all of the information or disclosures required in the annual financial statements.
2. TURNOVER AND SEGMENTAL ANALYSIS
All of the Company's activity and income and expenses in the period ended 31 December 2017 were incurred in the United Kingdom, and relate to Baskerville's ongoing investment activities.
3. LOSS PER SHARE
The calculation of the basis and diluted earnings per share is based on the following data:
Earnings Earnings for the purposes of basic earnings per share net loss for the period attributable to equity holders of the company (50,696) Number of shares Weighted average number of ordinary shares in issue 24,140,000
The denominator for the purpose of calculating the basic earnings per share has been adjusted to reflect all capital raisings.
4. SHARE CAPITAL Number of Nominal value Premium (net of
transaction costs)
shares GBP GBP
a) Issued and Fully
Paid:
12 April 2017 10,000,000 50,000 -
22 September 2017 37,800,000 189,000 GBP1,467,494
----------------------------- -------------------------- --------------------------
As at 31 December
2017 47,800,000 239,000 GBP1,467,494
============== ============ ============
The nominal value of the shares is GBP0.005
The Company has 13,500,000 warrants in issue to the initial shareholders and the directors exercisable at either 2.5 pence or 7.5 pence per share which expire on the second anniversary of the Admission.
5. AVAILABILITY OF INTERIM RESULTS
Copies of the Interim Results for the period to 31 December 2017 are available from the Company's registered address and will be available on the Company's website, later today.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR EKLFBVEFBBBK
(END) Dow Jones Newswires
May 10, 2018 02:00 ET (06:00 GMT)
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