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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pcg Entertainment Plc | LSE:PCGE | London | Ordinary Share | GI000A2JBQ88 | ORD 0.1P (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.05 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPCGE
RNS Number : 2176E
PCG Entertainment plc
26 February 2020
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").
26 February 2020
PCG Entertainment Plc
("PCGE" or the "Company")
PCG Entertainment Plc / NEX: PCGE
Financial results for the six months to 30 September 2019
PCG Entertainment Plc (NEX: PCGE) announces its financial results for the six months ending 30 September 2019.
Interim results' highlights
1. Company cash balances at 30 September 2019 of US$ 23,594 (30 September 2018: US$912,844)
2. The operational loss for the Company for the 6 months to 30 September 2019 was US$ 319,485 (30 September 2018: US$1,291,347)
Director's Summary
During the period the Company surrendered its AIM listing and kept the NEX listing. Following the resignation of Allenby Capital as NOMAD and broker on 31(st) May 2019, we did not seek to find a replacement NOMAD and appointed First Sentinel Corporate Finance Limited as NEX Corporate Adviser.
For most of the period under review the Company focused on achieving a reverse merger with VOX Markets Ltd ("VOX") and Align Research Ltd ("Align"). Unfortunately this transaction did not proceed and we announced on 10th October that VOX had withdrawn from the transaction. In the event VOX proceeded with a round of private financing as an alternative.
Following this announcement on 10th October we moved the Company into care and maintenance mode. Accordingly on 14 October 2019, Professor Michael Mainelli resigned as a director and we agreed the resignation of First Sentinel as Corporate Adviser. Following the resignation of First Sentinel the Company's shares were automatically suspended from NEX.
On 15 October 2019, we agreed the resignation of Bob McDowall as a director.
The remaining directors are Richard Poulden and Alan Gravett who currently receive no remuneration for their services. We have remained in close contact with First Sentinel and with NEX and we hope to be able to announce a new strategy and new management for the Company in the coming weeks.
Richard Poulden Alan Gravett
Chairman Director
For further information:
PCG Entertainment Plc Christal Enriquez, Public Relations Tel: +971 4 566 7423 info@pcge.com PCG Entertainment Plc Statement of Total Comprehensive Income for the six months ended 30 September 2019 Unaudited Unaudited Audited Six Months Six Months Year ended Ended Ended 30 September 30 September 31 March 2019 2018 2019 US$ US$ US$ Cost of sales - - - Gross profit - - - Administration expenses (319,485) (673,009) (1,065,396) Costs associated with termination - (542,160) - of financing arrangements ------------- ------------- ------------- Operating loss (319,485) (1,215,169) (1,065,396) Loss on equity sharing agreement - - (542,159) Loss on disposal of subsidiary - net - - (25,000) Foreign exchange gain/(loss) 5,829 (76,178) (82,966) Interest payable - - (15,512) Loss on ordinary activities before taxation (313,657) (1,291,347) (1,731,033) Tax on loss on ordinary activities - - - Loss for the financial period (313,657) (1,291,347) (1,731,033) Loss for the year from discontinued operations - - (166,478) Retained loss for the financial period (313,657) (1,291,347) (1,897,511) Change in foreign currency - 3,800 - Total comprehensive loss for the financial period (313,657) (1,287,547) (1,897,511) ------------- ------------- ------------- PCG Entertainment Plc Statement of Financial Position as at 30 September 2019 Unaudited Unaudited Audited Six Months Ended Six Months Ended Year ended 30 September 2019 30 September 2018 31 March 2019 US$ US$ US$ Current assets Trade and other receivables 32,201 81,480 370,477 Cash and cash equivalents 23,594 912,844 14,390 55,795 994,324 384,867 ------------------ ------------------ -------------- Non-current assets Intangible assets - 25,000 - Property, plant and equipment - 44 - - 25,044 - ------------------ ------------------ -------------- Total assets 55,795 1,019,368 384,867 ================== ================== ============== Current liabilities 127,478 201,425 144,417 Capital and reserves Share capital 5,642,408 5,775,145 5,642,408 Share premium 25,088,706 24,955,969 25,088,705 Foreign exchange reserve - 91,636 - Share based payment reserve 309,408 309,408 309,408 Retained earnings (31,112,205) (30,314,215) (30,800,071) (71,683) 817,943 240,450 Total equity and liabilities 55,795 1,019,368 384,867 ------------------ ------------------ --------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
February 26, 2020 06:41 ET (11:41 GMT)
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