TIDMSHLP

RNS Number : 8584T

Shellproof PLC

19 December 2012

Shellproof Plc announces unaudited interim results for the six months ended 30 September 2012 and completion of two long term farm business tenancies.

Shellproof Plc (London-AIM: SHLP)("Shellproof" or the "Company") was incorporated in England & Wales on 24 September 2012. The Company was admitted to AIM on 25 October 2012 following the merger with Shellproof Limited, details of which are set out in the Circular to Shareholders dated 10 October 2012. Shellproof Limited was originally admitted to AIM in May 2008 with the intention of seeking investment opportunities for its shareholders. Shellproof Plc intends to establish itself in the production, sale and distribution of English sparkling wine.

The interim results contained within this announcement reflect the position of Shellproof Plc as if the merger with Shellproof Limited had taken place on or prior to 30 September 2012. The results of the merged group have been presented as if the group had always been in existence.

The Company reported a net profit of LIR33,000 for the six months ended 30 September 2012 (2011 - LIR7,000). Basic and diluted earnings per ordinary share for the six months ended 30 September 2012 amounted to 0.41 pence (2011 - 0.09 pence).

The Company is also pleased to announce that it has executed two long term farm business tenancies in West Sussex, where it intends to cultivate approximately 17.5 hectares (43 acres) of vineyards for the purpose of producing English sparkling wine. This, together with the Company's existing freehold mature vineyard acreage of approximately 4 hectares (10 acres), will bring the prospective vineyard acreage to approximately 21.5 hectares (53 acres). This is in line with the Company's plans as set out in Shellproof's AIM admission document dated 10(th) October 2012, to increase its cultivation to approximately 61 hectares (150 acres) of vineyards and become one of the leading producers of English sparkling wine.

For further information contact:

Shellproof Plc

   Ben Walgate/Ian Robinson                                +44 (0)20 7788 9239 

Cenkos Securities plc

   Adrian Hargrave                                               +44 (0)20 7397 8900 

Note: This announcement and other press releases are available to view at the Company's website: www.shellproofplc.com

 
 Shellproof Plc 
 Summarised income statement 
  (unaudited) 
 6 months ended 30 September                     2012            2011 
                                               LIR000          LIR000 
 Interest income                                  102              72 
 Administrative expenses                          -69             -65 
 
 Net profit before and after 
  taxation                                         33               7 
                                        -------------  -------------- 
 Earnings per ordinary share 
  (basic and diluted) (in pence)                 0.41            0.09 
 
 Shellproof Plc 
 Summarised balance sheet (unaudited)       30-Sep-12       31-Mar-12 
                                               LIR000          LIR000 
 Fixed assets                                      60              68 
 Current assets 
 Cash and cash equivalents                      4,046           4,123 
 Other current assets                             238             104 
                                        -------------  -------------- 
 Total assets                                   4,344           4,295 
 Current liabilities 
 Other payables                                   -39             -24 
 Net assets                                     4,305           4,271 
                                        -------------  -------------- 
 
 Shareholders' equity                          LIR000          LIR000 
 Share capital                                  4,000           4,000 
 Retained earnings                                305             271 
 Total shareholders' equity                     4,305           4,271 
                                        -------------  -------------- 
 
 Shellproof Plc 
 Summarised statement of cash 
  flows (unaudited) 
 6 months ended 30 September                     2012            2011 
                                               LIR000          LIR000 
 
 Net cash generated from operating 
  activities                                      -77              51 
                                        -------------  -------------- 
 Purchase of fixed assets                           0             -73 
                                        -------------  -------------- 
 Net (decrease) increase in 
  cash for the period                             -77             -22 
                                        -------------  -------------- 
 Cash at beginning of period                    4,123           4,257 
                                        -------------  -------------- 
 Cash at end of period                          4,046           4,235 
                                        -------------  -------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

IR BKFDPBBDBABD

Gusbourne (LSE:GUS)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024 Gusbourne 차트를 더 보려면 여기를 클릭.
Gusbourne (LSE:GUS)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024 Gusbourne 차트를 더 보려면 여기를 클릭.