Chapmore Plc ("Chapmore" or "The Company")
UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS PERIOD TO 31 MAY 2012
Highlights:
The Company posted a pre-tax loss of GBP63,283 for the six months ended 31 May 2012 (31 May 2011
profit of GBP3,583).
Overview
The Company remains a cash shell at present but we are actively seeking investments to enhance
shareholder value. We are maintaining a tight control of the Company's resources, which we consider
adequate to support current levels of expenditure.
Outlook
It may however be that the Board during the current financial year will seek to increase the capital
base of the Company via the issue of new equity. The rationale for this is twofold; firstly to ensure
sufficient continued operating resources, and secondly the fact that having greater financial
resources available would enhance the ability of the Company to attract good quality deals.
The Directors are presented with opportunities on an ongoing basis from an extensive network of
contacts. Many of those which have been evaluated have been considered too small, with the Directors
being mindful that microcap companies are not looked at favourably in current market conditions, and
therefore often trade at a significant discount to fair value. To date none of the businesses have
presented the right reward profile in terms of value creation for the shareholders, but your Board is
committed to identifying and consummating a suitable acquisition
T. O Kristensen
Director
Unaudited Profit & Loss Account
Unaudited Unaudited Audited
Period ended Period ended Period ended
31 May 2012 31 May 2011 30 Nov 2011
GBP'000 GBP'000 GBP'000
Turnover - 18 18
Cost of sales - - -
-------- -------- --------
Gross profit - 18 18
Administration expenses (63) (14) (109)
-------- -------- --------
(Loss)/profit on ordinary activities before
taxation (63) 4 (91)
Profit on disposal of discontinued operations - - 5
Taxation - - -
-------- -------- --------
Profit/(loss) on ordinary activities after
taxation (63) 4 (86)
======== ======== ========
Earnings per share
Basic (0.303)p 0.033p (0.67)p
Diluted (0.303)p 0.031p (0.67)p
Unaudited Balance Sheet as at 31 May 2012
Unaudited Unaudited Audited
Period ended Period ended Period ended
31 May 2012 31 May 2011 30 Nov 2011
GBP'000 GBP'000 GBP'000
Assets
Current assets
Debtors 78 4 46
Cash at bank 12 26 53
-------- -------- --------
Total current assets 90 30 99
Creditors: amounts falling due within one year
(127) (60) (73)
-------- -------- --------
Net current liabilities (37) (30) 26
Creditors: Amounts falling due after more than
one year (7)
-------- -------- --------
Total assets less current liabilities (37) (30) 19
======== ======== ========
Capital & reserves
Share capital 423 418 423
Share premium 302 174 302
Share based payment reserve 139 136 136
Loan note equity reserve 10 6
Profit & loss account (911) (758) (848)
-------- -------- --------
Total shareholders' funds (37) (30) 19
======== ======== ========
Notes
1 The financial information contained in this statement does not constitute statutory accounts
as defined in section 435 of the Companies Act 2006. These statements, which are unaudited,
have been prepared under the historical cost convention. The financial information has not
been reviewed by the Company's auditor. The comparative figures for the year ended 30
November 2011 have been extracted from the statutory accounts filed with the Registrar of
Companies.
2 Earnings per share
Unaudited Unaudited Audited
Period ended Period ended Period ended
31 May 2012 31 May 2011 30 Nov 2011
Basic
(Loss)/profit for the period GBP(63,283) GBP3,583 GBP(85,965)
Average weighted number of shares in
issue 20,892,910 10,802,088 12,757,325
Basic earnings per share (0.303)p 0.033p (0.67)p
Diluted
Average weighted number of shares in
issue, including
potentially dilutive instruments 24,327,609 11,652,088 14,079,928
Diluted earnings per share (0.303)p 0.031p (0.67)p
Where the company made losses in any reporting period, conversion of all potentially dilutive
ordinary shares is not taken into account and diluted earnings per share are the same as
basic.
3 Copies of the statement will be despatched to shareholders. Copies of this announcement are
available from: The Secretary, Chapmore Plc, Finsgate, 5-7 Cranwood Street, London EC1V 9EE
The directors of the issuer accept responsibility for this announcement.
Note to editors:
Chapmore plc (PLUS: CHAP) was floated on PLUS markets in November 2007. The company is a cash shell.
CONTACT DETAILS:
Tom Kristensen
Chapmore Plc
Tel: +44 (0) 7734 266 119
Nick Michaels
Alfred Henry Corporate Finance Ltd
www.alfredhenry.com
Tel: +44 (0) 20 7251 3762
28 August 2012