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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Blockchain Worldwide Plc | LSE:BLOC | London | Ordinary Share | GB00BYX8HX04 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.50 | 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
TIDMBLOC
RNS Number : 2410N
Blockchain Worldwide PLC
08 May 2018
BLOCKCHAIN WORLDWIDE PLC
("Blockchain" or "the Company")
Interim Report for the period ended 31 December 2017
Blockchain (ticker: BLOC) announces its unaudited interim financial results for the period ended 31 December 2017.
Period highlights
-- On 21 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
-- Raised GBP1.5 million cash (gross) through the listing of 30,000,000 new ordinary shares
Post period highlight
-- Change in strategy from investing in telecoms to seeking business in the blockchain technology sector and changed name to Blockchain Worldwide plc
Jon Hale, Chairman of Blockchain said: "Since the revision in investment strategy and name change, Blockchain has been analysing a number of tremendously exciting opportunities. We continue to make good progress towards a potentially game changing deal within the blockchain space and will update the market as soon as we are able."
For information please contact:
Blockchain Worldwide www.bloc-worldwide.com plc Rodger Sargent via Walbrook PR Walbrook PR Ltd Tel: 020 7933 8780 or blockchainworldwide@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.
Blockchain floated on to the standard listing of the official list on the London Stock Exchange on 21 September 2017, with the name Stapleton Capital plc. The Company was created to acquire a company or business in the telecoms sector.
During this interim period, Blockchain recorded a loss of GBP7,501, being the minimal running costs of the company. As the directors draw no salary, the ongoing costs are only minor administrative expenses. Cash assets at period end were nearly GBP1.45 million with no debts.
During the period, the Directors identified a number of blockchain technology investment opportunities. Blockchain is a digital networked database system of ledgers that can record almost any type of data or transaction. Currently blockchain's mainstream use is as the basis for digital currency, however it has applications across multiple other industries. It is within these industries that the Directors believe the technology has the potential to cause major disruption and that they will focus the Company's resources. As a result, the Board has decided to change the Company's investment remit to consider acquisitions within the blockchain technology industry. To reflect this, the name of the Company was changed to Blockchain Worldwide plc on 19 January 2018.
Outlook
We continue to make good progress towards a potentially game changing deal within the blockchain space and will update the market as soon as we are able.
Jon Hale
Chairman
8 May 2018
INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD FROM 15 FEBRUARY 2017 TO 31 DECEMBER 2017
Hot Features
Premium
Notes GBP
Revenue 2 -
-------------------
Gross profit -
General & administrative expenses (7,501)
-------------------
Loss from operations before
interest (7,501)
Interest income -
--------------------
Loss before tax (7,501)
Tax -
---------------------
Retained Loss after tax for
the period (7,501)
=============
Retained loss attributable to:
Owners of the company (7,501)
-------------------
Loss for period (7,501)
=============
Total comprehensive loss attributable
to:
Owners of the company (7,501)
---------------------
Total comprehensive loss for
the period (7,501)
=============
Loss per share
Basic and diluted 3 (0.0573p)
=============
INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2017
Notes GBP
ASSETS
Current assets
Cash and cash equivalents 1,445,764
-----------------------
TOTAL ASSETS 1,445,764
============
EQUITY
Share capital 4 365,000
Share premium reserve 1,088,265
Retained loss (7,501)
------------------------
TOTAL EQUITY 1,445,764
============
CURRENT LIABILITIES
Trade and other payables -
----------------------
TOTAL EQUITY AND LIABILITIES 1,445,764
============
INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD FROM 15 FEBRUARY 2017 TO 31 DECEMBER 2017
Share
Share premium Retained Total
capital account loss equity
GBP GBP GBP GBP
As at 15 February 2017 - - - -
Loss for the period - - (7,501) (7,501)
Total comprehensive income for
the period - - (7,501) (7,501)
-------- ------------ --------- ----------
Share capital issued (net of
transaction costs) 365,000 1,088,265 - 1,453,265
Balance at 30 June 2017 365,000 1,088,265 (7,501) 1,445,764
======== ============ ========= ==========
INTERIM STATEMENT OF CASH FLOW
FOR THE PERIOD FROM 15 FEBRUARY 2017 TO 31 DECEMBER 2017
Cash flow from operating activities
Loss for the period (7,501)
-------------------------
Operating cash flows before movements
in working capital (7,501)
Interest income -
Increase in receivables -
Increase in payables -
----------------------
Net cash outflow from operating activities (7,501)
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 1,453,265
------------------------
Net cash flow from financing activities 1,453,265
Net cash inflow for the period 1,445,764
----------------------
Cash and cash equivalents at start of -
period
-----------------------
Cash and cash equivalents at end of period 1,445,764
============
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 4(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 Blockchain'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 (7,501) Number of shares Weighted average number of ordinary shares in issue 13,087,500
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:
15 February 2017 1 - -
16 June 2017 4,999,999 50,000 -
21 September 2017 31,500,000 315,000 1,088,265
----------------------------- -------------------------- --------------------------
As at 31 December
2017 36,500,000 365,000 1,088,265
============== ============ ============
The nominal value of
the
shares is GBP0.01.
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 BLGDULDGBGIS
(END) Dow Jones Newswires
May 08, 2018 02:00 ET (06:00 GMT)
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