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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Webis Holdings Plc | LSE:WEB | London | Ordinary Share | GB0004126271 | 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% | 1.30 | 1.10 | 1.50 | 1.30 | 1.30 | 1.30 | 513,565 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Cmp Processing,data Prep Svc | 50.02M | -745k | -0.0019 | -6.84 | 5.11M |
TIDMWEB
RNS Number : 7991T
Webis Holdings PLC
29 November 2021
7.00am 29 November 2021
Webis Holdings plc
("Webis" or the "Company")
Delay in publication of the Annual Report and Consolidated Financial Statements for the year ended 31 May 2021
The board of Webis hereby notifies shareholders that the completion of the audit of the accounts for the Company, for the year ended 31 May 2021 (the "Accounts") are delayed due to a Covid-19 related issue. Unfortunately, the completion of an annual report from Deloitte USA reviewing the activities of AmTote - the third-party wagering hub provider to Watch&Wager LLC - is delayed as a result of the pandemic. Our auditors, KPMG, are obliged under standard IFRS audit procedures to use this report to provide the verification required to complete the audit by 30 November 2021. The Board is confident that the verification is merely a matter of procedure only and will occasion no change to the Accounts which are anticipated to contain an unqualified audit report. Accordingly, the Company has agreed with AIM an extension to 28 February 2022 for the publication deadline of its Accounts. Every effort is being made to complete the Accounts as soon as possible and they will be published via RNS thereafter.
Meanwhile, the board of Webis provides the following trading update for the year-ended 31 May 2021 which anticipates a US$ 1.1 million uplift in profitability over the previous year: -
Consolidated Statement of Comprehensive Income
For the year ended 31 May 2021
U naudited 2021 2020 US$000 US$000 ---------------------------------------------------------------------------------------- ------------- ----------- Amounts wagered 132,149 105,325 ---------------------------------------------------------------------------------------- ------------- --------- Revenue 55,668 43,436 Cost of sales (49,757) (38,820) Betting duty paid (114) (83) ---------------------------------------------------------------------------------------- ------------- ----------- Gross profit 5,797 4,533 ---------------------------------------------------------------------------------------- ------------- ----------- Operating costs (5,314) (4,908) Impairment movement on trade receivables 7 (18) Re-organisational and other costs - (28) Other gains / (losses) 2 (29) Government grant 272 48 Other income 185 212 Operating profit / (loss) 949 (190) ---------------------------------------------------------------------------------------- ------------- ----------- Finance costs (125) (94) ---------------------------------------------------------------------------------------- ------------- ----------- Profit / (loss) before income tax 824 (284) ---------------------------------------------------------------------------------------- ------------- --------- Income tax expense - - ---------------------------------------------------------------------------------------- ------------- ----------- Profit / (loss) for the year 824 (284) ---------------------------------------------------------------------------------------- ------------- --------- Other comprehensive income: Items that may be subsequently reclassified to profit or loss: Currency translation differences on disposal of foreign subsidiaries - - ---------------------------------------------------------------------------------------- ------------- ----------- Other comprehensive profit / (loss) for the year - - ---------------------------------------------------------------------------------------- ------------- ----------- Total comprehensive profit / (loss) for the year 824 (284) ---------------------------------------------------------------------------------------- ------------- --------- Basic earnings per share for profit / (loss) attributable to the equity holders of the Company during the year (cents) 0.21 (0.07) ---------------------------------------------------------------------------------------- ------------- ----------- Diluted earnings per share for profit / (loss) attributable to the equity holders of the Company during the year (cents) 0.20 (0.07) ---------------------------------------------------------------------------------------- ------------- -----------
Statements of Financial Position
As at 31 May 2021
Unaudited Unaudited 31.05.21 31.05.21 31.05.20 31.05.20 Group Company Group Company US$000 US$000 US$000 US$000 ------------------------------------------- ---------- ------------ ----------- --------- Non-current assets Intangible assets 12 - 30 - Property, equipment and motor vehicles 380 6 415 7 Investments - 3 - 2 Bonds and deposits 101 - 101 - ------------------------------------------- ---------- ------------ ----------- --------- Total non-current assets 493 9 546 9 ------------------------------------------- ---------- ------------ ----------- --------- Current assets Bonds and deposits 882 - 882 - Trade and other receivables 1,896 150 1,256 463 Cash, cash equivalents and restricted cash 5,083 2,142 3,969 1,780 ------------------------------------------- ---------- ------------ ----------- --------- Total current assets 7,861 2,292 6,107 2,243 ------------------------------------------- ---------- ------------ ----------- --------- Total assets 8,354 2,301 6,653 2,252 ------------------------------------------- ---------- ------------ ----------- --------- Equity Called up share capital 6,334 6,334 6,334 6,334 Share option reserve 42 42 42 42 Retained losses (4,684) (5,516) (5,508) (5,526) ------------------------------------------- ---------- ------------ ----------- --------- Total equity 1,692 860 868 850 ------------------------------------------- ---------- ------------ ----------- --------- Current liabilities Trade and other payables 4,995 91 3,749 52 Deferred income - - 272 - Loans, borrowings and lease liabilities 5 72 5 00 97 - ------------------------------------------- ---------- ------------ ----------- --------- Total current liabilities 5,5 67 5 9 1 4,118 52 ------------------------------------------- ---------- ------------ ----------- --------- Non-current liabilities Loans, borrowings and lease liabilities 1 ,095 8 5 0 1,667 1,350 ------------------------------------------- ---------- ------------ ----------- --------- Total non-current liabilities 1 ,095 8 5 0 1,667 1,350 ------------------------------------------- ---------- ------------ ----------- --------- Total liabilities 6,662 1,441 5,785 1,402 ------------------------------------------- ---------- ------------ ----------- --------- Total equity and liabilities 8,354 2,301 6,653 2,252
------------------------------------------- ---------- ------------ ----------- ---------
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
For further information:
Webis Holdings plc Tel: 01624 639396
Denham Eke
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish/James Biddle
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.
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END
MSCBPBRTMTJTBMB
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November 29, 2021 02:00 ET (07:00 GMT)
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