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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pan European Terminals | LSE:PAN | London | Ordinary Share | GB00B12V3082 | 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% | 22.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9774R Pannal PLC 30 September 2005 PANNAL PLC COMPANY NUMBER: 04998151 INTERIM RESULTS FOR THE PERIOD ENDED 30 JUNE 2005 Pannal plc Interim results Pannal plc (or 'the company') today announces its results for the period ended 30 June 2005. The company was incorporated on 17 December 2003 and the previous period results are included for comparative purposes. Chairman's statement for the period ended 30 June 2005 These are the first set of results for Pannal since flotation, showing the results for the period 1 January 2005 to 30 June 2005. The company made a loss for the period of #76,906 and had net assets of #1,522,977 at the period end. Pannal came to AIM on 22 February 2005 raising gross funds of #1,500,000. Upon admission the company had no trading businesses. The Directors' original and continuing strategy is to use Pannal as a vehicle to identify and acquire businesses that are positioned to take advantage of opportunities within the technology, media and telecommunication sector. Following the company's listing in February 2005 the board of directors and its advisers have considered a number of potential acquisitions. As yet none of these opportunities have met the criteria set out and hence no deals have yet been concluded. The Directors will continue to investigate opportunities with a view to securing a suitable acquisition. The board is aware of recent changes to the rules regarding AIM traded investing companies, which stipulate that any company listed prior to 1 April 2005, which raised less than #3million, must have completed an acquisition constituting a reverse takeover by 1 April 2006, otherwise its shares will be suspended. The company then has a further six months under suspension after which if a deal has still yet to be concluded, the shares cease to be traded on AIM and a distribution will be made to shareholders. The board is confident that a suitable deal will have been identified before this time and I look forward to reporting to you when progress has been made. John Swingewood Non-executive Chairman Pannal plc Unaudited Profit and Loss Account For the period ended 30 June 2005 01.01.05 17.12.03 to to 30.06.05 31.12.04 # # Turnover - - Cost of Sales - - Gross Profit - - Administrative Expenses (92,303) - Operating Loss (92,303) - Interest Receivable 15,407 - Interest Payable (10) - Loss on ordinary activities before taxation (76,906) - Tax on loss on ordinary activities - - Loss for the Period (76,906) - All transactions arise from continuing operations Pannal plc Unaudited Balance Sheet As at 30 June 2005 2005 2004 # # CURRENT ASSETS Debtors 58,638 - Cash at bank and in hand 1,484,064 100,002 1,542,702 100,002 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR (19,725) - NET CURRENT ASSETS 1,522,977 100,002 TOTAL ASSETS LESS CURRENT LIABILITIES 1,522,977 100,002 CAPITAL AND RESERVES Called up share capital 420,502 100,002 Share Premium Account 1,179,381 - Profit and Loss Account (76,906) - Equity Shareholders' Funds 1,522,977 100,002 Pannal plc Unaudited Cashflow Statement For the period ended 30 June 2005 01.01.06 17.12.03 to to 30.06.06 31.12.04 # # NET CASH OUTFLOWS FROM OPERATING ACTIVITIES (131,216) - RETURNS ON INVESTMENTS AND SERVICING OF FINANCE Interest Paid (10) - Interest Receivable 15,407 - 15,397 - FINANCING Net proceeds on issue of 1,499,881 100,002 shares in the period INCREASE IN CASH 1,384,062 100,002 This information is provided by RNS The company news service from the London Stock Exchange END IR QKLFLEKBFBBX
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