Marechale Capital PLC Trading Update (1022W)

TIDMMAC

RNS Number : 1022W

Marechale Capital PLC

09 November 2017

9 November 2017

Marechale Capital plc

("Marechale Capital" or the "Company")

Trading update

Marechale Capital announces, ahead of the announcement of its interim results for the six months ended 31 October 2017, that due to delays in relation to a number of the transactions it is involved in, it expects to report an operating loss for this period of between GBP250,000 - 300,000. This compares with a small profit of approximately GBP14,000 for the six months ended 30 September 2016. In addition, the Company expects to write down the book value of its investments by approximately GBP100,000 from their value at 30 April 2017 (the Company's year-end), although this is only a preliminary estimate at this stage. The Company expects to announce its full interim results in January 2018.

For further information please contact:

 
 Marechale Capital               Tel: +44 (0)20 
  Mark Warde-Norbury / Patrick    7628 5582 
  Booth-Clibborn 
 Smith & Williamson Corporate    Tel: +44 (0)20 
  Finance                         7131 4000 
  Azhic Basirov / David Jones 
 

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 09, 2017 12:01 ET (17:01 GMT)