TIDMSHCP TIDMEVOL
RNS Number : 2160Y
St Helen's Capital PLC
28 August 2009
St Helen's Capital Plc
("St Helen's Capital" or the "Company")
Unaudited Preliminary Results, Proposed Disposal of Business,
Adoption of Investing Policy and Notice of General Meeting
for the year ended 31 March 2009
St Helen's Capital (AIM: SHCP.L) today announces its unaudited preliminary
results for the year ended 31st March 2009.
Chairman's Statement
When I reported St Helen's Capital's interim results in December 2008, I was
hopeful that market conditions would improve. Unfortunately, and despite the
fact that the main global equities markets in larger companies have since staged
a rally, smaller quoted companies have generally remained out of favour with
both institutional and private investors.
Against the backdrop of a general global economic downturn, St Helen's Capital
has not completed any fund raisings for its publicly quoted clients during the
reporting period, which reflects the lack of confidence in the prospects for
smaller quoted companies.
Whilst the Company has had some recent success in securing new client mandates
and completing equity fund raisings, all of these have been "off market" or
pre-IPO situations, and have generally involved raising small amounts of
capital. As a result, little revenue has been generated and the Company has
been, and continues to be, loss making on a month by month basis.
St Helen's Capital has a portfolio of existing clients generating regular
retainer revenues, although a number of these have either terminated the
services of St Helen's Capital, delisted from AIM or PLUS or simply ceased to
trade altogether. As a result, the level of annual retainer fees has declined;
again, this is partially a symptom of the general market malaise and, in some
cases, a reflection of the fact that St Helen's Capital is not an integrated
broking house with a NOMAD function. AIM listed companies need the services of a
NOMAD at all times, and it is particularly the case that the broking function is
a secondary consideration for companies, particularly when institutions are not
investing in small cap companies and they are looking to make cost savings.
Proposed Disposal of Business
With the above in mind, the Board of St Helen's Capital (the "Board") has been
in conversations over recent months with a number of parties concerning the
possibility of merging the Company's business with one, or more, similar
businesses. Accordingly, the Board announces that, subsequent to the
announcement of 21 July 2009, it has signed a sale and purchase agreement (the
"SPA") with Whim Gully Capital LLP, the material terms of which are as described
in that announcement, save for the cash consideration which has been agreed at
GBP200,000. The SPA is binding subject to shareholder approval being granted at
a general meeting (the "General Meeting).
Notice of General Meeting
Further details of the Disposal and the proposed Investing Policy are set out in
the General Meeting circular (the "Circular") which the Company has today
posted to shareholders and will shortly be available to download from the
Company's website www.sthelenscapital.com. The Circular includes the formal
notice convening the General Meeting of the Company at 11.00 a.m. on 14
September 2009.
Mark Warde-Norbury
Chairman
28 August 2009
**ENDS**
Enquiries:
St Helen's Capital PlcTel: +44 (0) 20 7628 5582
Mark Warde-Norbury
Strand Partners Limited (Nominated Adviser) Tel: +44 (0) 20 7409 3494
James Harris / James Spinney
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| St Helen's Capital Plc | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Income Statement | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Year ended 31 March | | | | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | 2009 | 2008 | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | (GBP) | (GBP) | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Continuing | | | | | | | | |
| operations | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Revenue | | | | | 1,065,532 | 2,718,529 | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Cost of sales | | | | (76,678) | (262,239) | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Gross profit | | | | 988,854 | 2,456,290 | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Administrative expenses | | | (2,305,869) | (2,490,510) | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Operating loss | | | | (1,317,015) | (34,220) | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Investment revenues | | | | 53,176 | 96,514 | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Other gains and losses | | | (61,434) | 79,067 | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Finance costs | | | | - | (100) | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Profit/ (loss) | | | | (1,325,273) | 141,261 | | |
| before tax | | | | | | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Corporation tax credit/ | | | 19,283 | (19,283) | | |
| (charge) | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| (Loss)/Profit for the period | | | (1,305,990) | 121,978 | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| (Loss)/Earnings per share | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Basic | | | | | (3.07) | 0.30 | | |
| (pence) | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Diluted | | | | | (3.07) | 0.29 | | |
| (pence) | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| St Helen's Capital Plc | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Balance Sheet | | | | | | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| As at 31 March | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | 2009 | 2008 | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | (GBP) | (GBP) | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| ASSETS | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Non current assets | | | | | | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Property, plant and equipment | | | 36,929 | 77,844 | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Current assets | | | | | | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Available for sale investments | | | 116,681 | 357,709 | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Trading investments | | | | 7,497 | 67,629 | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Trade and other receivables | | | 322,279 | 282,310 | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Cash and cash equivalents | | | 750,921 | 1,816,395 | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | 1,197,378 | 2,524,044 | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Total assets | | | | 1,234,307 | 2,601,888 | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| LIABILITIES | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Current liabilities | | | | | | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Trade and other payables | | | (133,144) | (219,121) | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Corporation tax | | | | - | (19,283) | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Total current liabilities | | | (133,144) | (238,404) | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Net | | | | | 1,101,163 | 2,363,484 | | |
| assets | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| EQUITY | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Capital and reserves attributable to equity shareholders | | | | |
+--------------------------------------------------------------------------+-------------+-------------+-----------+-------------+
| Share capital | | | | 2,137,055 | 2,132,800 | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Share premium account | | | 1,177,453 | 1,171,708 | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Revaluation | | | | 36,772 | 133,712 | | |
| reserves | | | | | | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Other reserves | | | | 603,591 | 363,316 | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Retained earnings | | | | (2,853,708) | (1,438,052) | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Total | | | | | 1,101,163 | 2,363,484 | | |
| equity | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| St Helen's Capital Plc | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Statement of Changes in Equity | | | | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| Year ended 31 March | | | | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | Share | Share | Revaluation | Other | Retained |
| | | | | capital | premium | reserve | reserves | earnings |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | (GBP) | (GBP) | (GBP) | (GBP) | (GBP) |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Balance at 31 March 2007 | | 1,366,085 | 408,432 | 150,247 | 105,816 | (1,560,030) |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Profit for the | | | - | - | - | - | 121,978 |
| period | | | | | | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Issue of ordinary share | | 766,715 | 763,276 | | - | - |
| capital | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Revaluation during the period | | - | - | (16,535) | - | - |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Provision for share-based payments | - | - | - | 257,500 | - |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Balance at 31 March 2008 | | 2,132,800 | 1,171,708 | 133,712 | 363,316 | (1,438,052) |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Loss for the period | | | - | - | - | - | (1,305,990) |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Issue of ordinary share | | 4,255 | 5,745 | - | - | - |
| capital | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Revaluation during the period | | - | - | (96,940) | - | (133,888) |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Release of reserve for lapsed options | - | - | - | (24,222) | 24,222 |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| Provision for share-based payments | - | - | - | 264,497 | - |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Balance at 31 March 2009 | | 2,137,055 | 1,177,453 | 36,772 | 603,591 | (2,853,708) |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Movements on the Revaluation reserve consist of: | | | 2009 | 2008 |
+--------------------------------------------------------------------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | Unrealised gains/(losses) | | | | (104,053) | 46,435 |
+-------------+----------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | Release of unrealised gains to Profit and Loss | | | 7,113 | (62,970) |
+-------------+------------------------------------------------------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | (96,940) | (16,535) |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Other reserves consist of: | | | | | 2009 | 2008 |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | Reserve for employee share ownership plan ('ESOP') | | (50,254) | (50,254) |
+-------------+--------------------------------------------------------------------------+-------------+-----------+-------------+
| | Reserve for share based payments | | | | 653,845 | 413,570 |
+-------------+----------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | 603,591 | 363,316 |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| The Reserve for the ESOP comprises 232,603 shares in the Company held in an ESOP Trust. As at 31 March 2009 |
+--------------------------------------------------------------------------------------------------------------------------------+
| and 2008, none of the shares had been unconditionally granted to any of the Company's employees and had an |
+--------------------------------------------------------------------------------------------------------------------------------+
| aggregate market value of GBP4,652 (2008: GBP30,820). | | | | |
+--------------------------------------------------------------------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| St Helen's Capital Plc | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Cash Flow Statement | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Year ended 31 March | | | | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | 2009 | 2008 | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | (GBP) | (GBP) | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Net cash from operating activities | | | | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| Operating loss | | | | (1,317,015) | (34,220) | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Depreciation | | | | 52,500 | 10,000 | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Profit on disposal of fixed | | | - | - | | |
| assets | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Share based payments | | | 264,497 | 257,500 | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Operating cash flows before movements in working capital | (1,000,018) | 233,280 | | |
+--------------------------------------------------------------------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Movement in working capital | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Decrease/(increase) in receivables | | (39,966) | (129,697) | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| Increase/(decrease) in | | | (66,694) | (28,825) | | |
| payables | | | | | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Income taxes paid | | | | (19,283) | - | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | (125,943) | (158,523) | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Operating cash flow | | | | (1,125,961) | 74,758 | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Investment | | | | | | | |
| activities | | | | | | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Interest receivable | | | | 53,176 | 96,514 | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Proceeds from disposal of tangible fixed assets | | - | - | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| Proceeds on disposal of trading investments | | 5,933 | 93,274 | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| Proceeds on disposal of available for sale investments | 2,964 | 228,935 | | |
+--------------------------------------------------------------------------+-------------+-------------+-----------+-------------+
| Expenditure on tangible fixed assets | | (11,585) | (87,844) | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| Expenditure on trading investments | | - | - | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| Expenditure on available for sale investments | | - | (104,362) | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| Release/ -placing of funds on fixed term deposits | | 1,500,000 | (1,500,000) | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Cash flow from investing activities | | 1,550,488 | (1,273,483) | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Financing | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Issue of share | | | | 10,000 | 1,529,990 | | |
| capital | | | | | | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Interest payable | | | | 0 | (100) | | |
+------------------------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Cash flow from financing activities | | 10,000 | 1,529,890 | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Net increase/(decrease) in cash | | | | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| and cash equivalents | | | 434,526 | 331,164 | | |
+-----------------------------------+------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Cash and cash equivalents at start of period | 316,395 | (14,769) | | |
+--------------------------------------------------------------------------+-------------+-------------+-----------+-------------+
| Cash and cash equivalents at end of period | | 750,921 | 316,395 | | |
+------------------------------------------------------------+-------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
| Increase/(decrease) in cash and cash equivalents | 434,526 | 331,164 | | |
+--------------------------------------------------------------------------+-------------+-------------+-----------+-------------+
| | | | | | | | | |
+-------------+----------+----------+------------------------+-------------+-------------+-------------+-----------+-------------+
+---------+--------+--------+--+--+--+--+--+------------+-------------+------------+-----+--+--+--+
| 1. Significant accounting policies | | | | | |
+------------------------------------------+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| a. Basis of accounting | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| The company's financial statements have been prepared in accordance with IFRS and | |
| International | |
+-------------------------------------------------------------------------------------------+-----+
| Financial Reporting Interpretations Committee ('IFRIC') interpretations adopted by | |
| the European Union, | |
+-------------------------------------------------------------------------------------------+-----+
| and with those parts of the Companies Act 1985 applicable to companies reporting | |
| under IFRS, with | |
+-------------------------------------------------------------------------------------------+-----+
| the prior periods being reported on the same basis. | | | | |
+-------------------------------------------------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| The financial statements have been prepared on the historical cost basis as modified by |
| the valuation of |
+-------------------------------------------------------------------------------------------------+
| certain financial instruments, as described below. | | | | |
+-------------------------------------------------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| The Company holds one 100% owned subsidiary undertaking, St Helen's Capital Group Limited, |
| a dormant |
+-------------------------------------------------------------------------------------------------+
| company, registered in England and Wales, Registered No. 5814084, with a Share Capital of |
| GBP1. As the group |
+-------------------------------------------------------------------------------------------------+
| accounts are virtually identical to those of the Company, the Directors have determined |
| not to present separate |
+-------------------------------------------------------------------------------------------------+
| accounts for the Group on the grounds of materiality. | | | | |
+-------------------------------------------------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| The principal accounting policies are set out below. | | | | |
+-------------------------------------------------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| b. Financial risk management objectives and policies | | | | |
+-------------------------------------------------------+-------------+------------+--------+-----+
| The Company's principal financial assets are cash and cash equivalents, trade and | |
| other receivables | |
+-------------------------------------------------------------------------------------------+-----+
| and investments. The Company's credit risk is primarily attributable to its trade |
| receivables and its market risk |
+-------------------------------------------------------------------------------------------------+
| is primarily attributable to its investments. The amounts presented in the Balance Sheet |
| are net of allowances |
+-------------------------------------------------------------------------------------------------+
| for impairment of receivables. | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| c. Financial instruments | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| Available for sale investments | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| Available for sale investments are initially measured at cost, including transaction | |
| costs. At each | |
+-------------------------------------------------------------------------------------------+-----+
| reporting date these instruments are measured at their fair values and resultant | |
| gains and losses, | |
+-------------------------------------------------------------------------------------------+-----+
| after adjusting for taxation, are recognised directly in equity via the revaluation | |
| reserve, until the | |
+-------------------------------------------------------------------------------------------+-----+
| security is disposed of or is determined to be impaired, at which time the | |
| cumulative gain or loss | |
+-------------------------------------------------------------------------------------------+-----+
| previously recognised in equity is included in the net profit or loss for | | |
| the period. | | |
+----------------------------------------------------------------------------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Trading investments | | | | | | | |
+---------------------------------+-----+--+------------+-------------+------------+--------+-----+
| Investments held for trading consist of options held in quoted companies, which are | |
| held at fair | |
+-------------------------------------------------------------------------------------------+-----+
| value. At each reporting date fair value is re-assessed and resultant gains and | |
| losses are included | |
+-------------------------------------------------------------------------------------------+-----+
| directly in net profit and loss for the | | | | | |
| period. | | | | | |
+------------------------------------------+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Trade and other receivables | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| Trade and other debtors are measured at fair value. | | | | |
+-------------------------------------------------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Appropriate allowance for estimated irrecoverable amounts is recognised in the Income |
| Statement where |
+-------------------------------------------------------------------------------------------------+
| there is objective evidence that the asset is impaired. The allowance recognised is | |
| measured as the | |
+-------------------------------------------------------------------------------------------+-----+
| difference between the carrying amount and the present value of estimated future cash |
| flows discounted |
+-------------------------------------------------------------------------------------------------+
| at the effective interest rate computed at initial | | | | |
| recognition. | | | | |
+-------------------------------------------------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Trade and other payables | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| Trade and other payables are measured at fair value. | | | | |
+-------------------------------------------------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Financial liabilities and equity | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| Financial liabilities and equity instruments are classified according to the | |
| substance of the | |
+-------------------------------------------------------------------------------------------+-----+
| contractual arrangements entered into. An equity instrument is any contract that | |
| evidences a residual | |
+-------------------------------------------------------------------------------------------+-----+
| interest in the assets of the company after deducting all of the | | | |
| liabilities. | | | |
+---------------------------------------------------------------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| d. Foreign currencies | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| Transactions in foreign currencies are recorded at the rate of exchange at the date | |
| of the transaction. | |
+-------------------------------------------------------------------------------------------+-----+
| Monetary assets and liabilities denominated in foreign currencies at the balance | |
| sheet date are | |
+-------------------------------------------------------------------------------------------+-----+
| reported at the rates of exchange prevailing at that date. Gains and losses arising | |
| during the period | |
+-------------------------------------------------------------------------------------------+-----+
| on transactions denominated in foreign currencies are treated as normal items of | |
| income and | |
+-------------------------------------------------------------------------------------------+-----+
| expenditure in the Income Statement. | | | | | |
+------------------------------------------+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| e. Operating leases | | | | | | | |
+---------------------------------+-----+--+------------+-------------+------------+--------+-----+
| Rentals payable under operating leases are charged to income on a straight-line | |
| basis over the term | |
+-------------------------------------------------------------------------------------------+-----+
| of the relevant lease. | | | | | | | |
+---------------------------------+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| f. Property, plant and equipment | | | | | |
+------------------------------------------+------------+-------------+------------+--------+-----+
| Property, plant and equipment are stated at cost, net of depreciation and any | |
| provision for impairment. | |
+-------------------------------------------------------------------------------------------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Depreciation is provided at rates calculated to write off the cost, less estimated | |
| residual value, of | |
+-------------------------------------------------------------------------------------------+-----+
| each asset evenly over its estimated useful life as | | | | |
| follows: | | | | |
+-------------------------------------------------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Leasehold improvements are depreciated over the term of the | | | |
| lease. | | | |
+---------------------------------------------------------------------+------------+--------+-----+
| Computer equipment and software is written off in the period of | | | |
| purchase. | | | |
+---------------------------------------------------------------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| At each reporting date the net book value of these assets is compared against their | |
| economic value, | |
+-------------------------------------------------------------------------------------------+-----+
| and resulting impairments in value are written off in the Income Statement | | |
| for the period. | | |
+----------------------------------------------------------------------------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| g. Cash and cash equivalents | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| Cash and cash equivalents comprise cash on hand, demand deposits and fixed term | |
| deposits of less | |
+-------------------------------------------------------------------------------------------+-----+
| than one year (see note 17). | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| h. Taxation | | | | | | | |
+---------------------------------+-----+--+------------+-------------+------------+--------+-----+
| The company has not achieved taxable profits during the period under review, | |
| accordingly there is | |
+-------------------------------------------------------------------------------------------+-----+
| no tax liability. | | | | | | | |
+---------------------------------+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| The company had trading losses available to carry forward at 31st March 2009 of | |
| approximately | |
+-------------------------------------------------------------------------------------------+-----+
| GBP2.1m (2008: GBP1.3m). No deferred tax has been recognised in respect of trading | |
| profit as there | |
+-------------------------------------------------------------------------------------------+-----+
| was insufficient evidence available as to the timing of any | | | |
| future recovery. | | | |
+---------------------------------------------------------------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| In future years mainstream corporation tax is likely to be payable, which will be | |
| based on taxable | |
+-------------------------------------------------------------------------------------------+-----+
| profit for the year. Taxable profit differs from net profits as reported in the | |
| Income Statement because | |
+-------------------------------------------------------------------------------------------+-----+
| it excludes items of income or expense which are taxable or deductible in other | |
| years and it further | |
+-------------------------------------------------------------------------------------------+-----+
| excludes items which are never taxable or deductible. The Company's liability for | |
| current tax will be | |
+-------------------------------------------------------------------------------------------+-----+
| calculated using tax rates which have been enacted or substantively enacted by the | |
| Balance Sheet | |
+-------------------------------------------------------------------------------------------+-----+
| date. | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Deferred tax is the tax expected to be payable or recoverable on differences between | |
| the carrying | |
+-------------------------------------------------------------------------------------------+-----+
| amounts of assets and liabilities in the Financial Statements and the corresponding | |
| tax bases in the | |
+-------------------------------------------------------------------------------------------+-----+
| computation of taxable profit, and is accounted for using the Balance Sheet | |
| Liability Method. Deferred | |
+-------------------------------------------------------------------------------------------+-----+
| tax liabilities are generally recognised for all temporary differences and deferred | |
| tax assets are | |
+-------------------------------------------------------------------------------------------+-----+
| recognised to the extent that it is probable that taxable profits will be available | |
| against which | |
+-------------------------------------------------------------------------------------------+-----+
| deductible temporary differences can be used. Such assets and liabilities are not | |
| recognised if the | |
+-------------------------------------------------------------------------------------------+-----+
| temporary difference arises from the initial recognition of goodwill or from the | |
| initial recognition | |
+-------------------------------------------------------------------------------------------+-----+
| (other than in a business combination) of other assets and liabilities in a | |
| transaction that effects | |
+-------------------------------------------------------------------------------------------+-----+
| neither the tax profit nor the | | | | | |
| accounting profit. | | | | | |
+------------------------------------------+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| The carrying amount of deferred tax assets is reviewed at each Balance Sheet date | |
| and reduced to | |
+-------------------------------------------------------------------------------------------+-----+
| the extent that it is no longer probable that sufficient taxable profits will be | |
| available to allow all or part | |
+-------------------------------------------------------------------------------------------+-----+
| of the asset to be recovered. | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Deferred tax is calculated at the rates that are expected to apply in the period | |
| when the liability is | |
+-------------------------------------------------------------------------------------------+-----+
| settled or the asset realised. Deferred tax is charged or credited to the Income | |
| Statement, except | |
+-------------------------------------------------------------------------------------------+-----+
| when it relates to items charged or credited directly to equity, in which case the | |
| deferred tax is also | |
+-------------------------------------------------------------------------------------------+-----+
| dealt with in equity. | | | | | | | |
+---------------------------------+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Deferred tax assets and liabilities are offset when there is a legally enforceable | |
| right to set off current | |
+-------------------------------------------------------------------------------------------+-----+
| tax assets against current tax liabilities and when they relate to income taxes | |
| levied by the same tax | |
+-------------------------------------------------------------------------------------------+-----+
| authority and the Company intends to settle its current tax assets and liabilities | |
| on a net basis. | |
+-------------------------------------------------------------------------------------------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| i. Revenue recognition | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| Revenue is measured at the fair value of the consideration received or receivable | |
| and represents | |
+-------------------------------------------------------------------------------------------+-----+
| amounts receivable for services provided in the normal course of business, net of | |
| discounts, VAT, and | |
+-------------------------------------------------------------------------------------------+-----+
| other sales related taxes. | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Revenue comprises broking commissions, and retainer fees for corporate finance | |
| advisory services. | |
+-------------------------------------------------------------------------------------------+-----+
| Where the revenue is success-fee based, it is taken to the Income Statement on the | |
| successful | |
+-------------------------------------------------------------------------------------------+-----+
| completion of the transaction. Retainer fees are taken to the Income Statement | |
| pro-rata to the period | |
+-------------------------------------------------------------------------------------------+-----+
| invoiced. | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Interest income is based on the effective rate applicable for the period during | |
| which demand | |
+-------------------------------------------------------------------------------------------+-----+
| deposits are held. | | | | | | | |
+---------------------------------+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| j. Employee share ownership plans trust ('ESOP') | | | | |
+-------------------------------------------------------+-------------+------------+--------+-----+
| The ESOP trust is accounted for in line with IAS 32, 'Financial Instruments - |
| Presentation', re: treasury shares |
+-------------------------------------------------------------------------------------------------+
| whereby shares have been shown at cost in a separate Reserve as a deduction from |
| Shareholders' Funds. |
+-------------------------------------------------------------------------------------------------+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| k. Share based payments | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| The company has made share-based payments to certain directors and employees through | |
| the issue | |
+-------------------------------------------------------------------------------------------+-----+
| of options. The fair value of these payments is calculated at the date of grant | |
| through the use of a | |
+-------------------------------------------------------------------------------------------+-----+
| binomial pricing model. The expense is recognised on a straight-line basis over the | |
| vesting period, | |
+-------------------------------------------------------------------------------------------+-----+
| based on the Company's estimate of shares that will eventually | | | |
| vest. | | | |
+---------------------------------------------------------------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| l. General information | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| At the date of authorisation of the financial statements, the following Standards | |
| and Interpretations | |
+-------------------------------------------------------------------------------------------+-----+
| (relevant to the company's activities) which have not been applied in the financial | |
| statements | |
+-------------------------------------------------------------------------------------------+-----+
| were in issue but not yet effective. | | | | | |
+------------------------------------------+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| IFRS 8 - Operating Segments and the revised IAS 1, Presentation of Financial | |
| Statements. | |
+-------------------------------------------------------------------------------------------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| It is not anticipated that the adoption of these accounting standards will have a |
| significant effect on the Financial |
+-------------------------------------------------------------------------------------------------+
| Standards. | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| 2. Critical accounting judgement and key sources of estimation uncertainty. | | |
+----------------------------------------------------------------------------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Equity-settled share-based payments | | | | | |
+------------------------------------------+------------+-------------+------------+--------+-----+
| The fair value of share based payments is calculated by reference to a simulation | |
| model. Inputs into | |
+-------------------------------------------------------------------------------------------+-----+
| the model are based on Management's best estimates of appropriate volatility, | |
| discount rate and | |
+-------------------------------------------------------------------------------------------+-----+
| share price growth. | | | | | | | |
+---------------------------------+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Valuation of investments | | | | | | |
+---------------------------------------+--+------------+-------------+------------+--------+-----+
| Trading investments include options over securities which have been received as | |
| consideration for | |
+-------------------------------------------------------------------------------------------+-----+
| corporate finance services rendered. These assets have been valued according to the | |
| mid price, | |
+-------------------------------------------------------------------------------------------+-----+
| where the share prices of the companies concerned are quoted on a recognised stock | |
| exchange, | |
+-------------------------------------------------------------------------------------------+-----+
| less the exercise price of the options. | | | | | |
+------------------------------------------+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Bad debt policy | | | | | | | |
+---------------------------------+-----+--+------------+-------------+------------+--------+-----+
| The Company regularly reviews all outstanding balances and provides for amounts it | |
| considers | |
+-------------------------------------------------------------------------------------------+-----+
| irrecoverable. | | | | | | | |
+---------------------------------+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| 3. Business and geographical segments | | | | | |
+------------------------------------------+------------+-------------+------------+--------+-----+
| The directors consider that there is only one activity undertaken by the company, that of |
| corporate finance |
+-------------------------------------------------------------------------------------------------+
| advisory. All of this activity was undertaken in the United | | | |
| Kingdom. | | | |
+---------------------------------------------------------------------+------------+--------+-----+
| | | | | | 2009 | 2008 | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| | | | | | (GBP) | (GBP) | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| Fees earned from corporate finance | | 1,065,532 | 2,718,529 | | |
+------------------------------------------+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| | | | | | | | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| | | | | | 2009 | 2008 | | |
+------------------------------+--+-----+--+------------+-------------+------------+--------+-----+
| 4. Earnings per share | | | Earnings | Earnings | | |
+---------------------------+--------+------------------+-------------+------------+-----+-----+
| | | | | | | | | |
+---------+--------+--------+--------+------------------+-------------+------------+-----+-----+
| Based on profit/ (loss) | | | (1,305,990) | 121,978 | | |
| of | | | | | | |
+---------------------------+--------+------------------+-------------+------------+-----+-----+
| | | | | | | | | |
+---------+--------+--------+--------+------------------+-------------+------------+-----+-----+
| Where losses are incurred, the diluted earnings per share calculation is showing a |
| lower loss per share, |
+----------------------------------------------------------------------------------------------+
| making the options anti-dilutive. Accordingly the diluted earnings per share and basic |
| earnings per share |
+----------------------------------------------------------------------------------------------+
| are the same. | | | | | | | |
+------------------+--------+--------+------------------+-------------+------------+-----+-----+
| | | | | | No. | No. | | |
| | | | | | shares | shares | | |
+---------+--------+--------+--------+------------------+-------------+------------+-----+-----+
| Weighted average number of Ordinary Shares in issue | 42,476,093 | 41,218,795 | | |
+-------------------------------------------------------+-------------+------------+-----+-----+
| for the purpose of basic earnings | | | | | |
| per share | | | | | |
+------------------------------------+------------------+-------------+------------+-----+-----+
| Effect of dilutive potential | | | | | |
| Ordinary Shares: | | | | | |
+------------------------------------+------------------+-------------+------------+-----+-----+
| Share options | | | | - | 442,687 | | |
+------------------+--------+--------+------------------+-------------+------------+-----+-----+
| | | | | | | | | |
+---------+--------+--------+--------+------------------+-------------+------------+-----+-----+
| Weighted average number of Ordinary Shares in issue | 42,476,093 | 41,661,482 | | |
+-------------------------------------------------------+-------------+------------+-----+-----+
| for the purpose of diluted | | | | | |
| earnings per share | | | | | |
+---------+--------+--------+--+--+--+--+--+------------+-------------+------------+-----+--+--+--+
Availability of Annual Report and Financial Statements
Copies of the Company's full audited Annual Report and Financial Statements are
expected to be posted to shareholders shortly and, once posted, will also be
made available to download from the Company's website www.sthelenscapital.com.
The audited Annual Report and Financial Statements will also be made available
for inspection at the Company's registered office during normal business hours
on any weekday. St Helen's Capital Plc is registered in England and Wales with
registered number 03515836. The registered office is at 15 St Helen's Place,
London EC3A 6DE.
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR MGGZRFRMGLZM
ST Helen's Cap. (LSE:SHCP)
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부터 5월(5) 2024 으로 6월(6) 2024
ST Helen's Cap. (LSE:SHCP)
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부터 6월(6) 2023 으로 6월(6) 2024
