OBERON GROUP
Baskerville Cap PLC – Half-year Report
10 May 2018
BASKERVILLE CAPITAL PLC (“Baskerville” or “the Company”) Interim Report for the period ended 31 December 2017. Baskerville (BASK) announces its unaudited interim financial results for the period ended 31 December 2017.
Period highlights
- On 22 September 2017, the Company was admitted to the standard segment of the Official List and to trading on the London Stock Exchange’s Main Market
- The Company was formed to undertake an acquisition in the technology sector
- Raised £1.8 million cash (gross) through the listing of 36,000,000 new ordinary shares
Rodger Sargent, Chairman of Baskerville said: “We continue to consider a number of potential investments within the technology sector. When we have identified a company that has the potential to create significant shareholder value, we will update the market.”
For further information, please contact:
Baskerville Capital plc www.baskcap.com
Rodger Sargent via Walbrook PR
Walbrook PR Ltd
020 7933 8780 or baskerville@walbrookpr.com
CHAIRMAN’S STATEMENT
Introduction
I am pleased to present the unaudited interim results for the period ended 31 December 2017. Baskerville floated on the standard segment of the Official List and was admitted to trading on the London Stock Exchange on 22 September 2017, with the remit to invest in the technology sector.
During this interim period, Baskerville recorded a loss of £50,696, being the minimal running costs of the Company. Cash assets at period end were nearly £1.7 million with no debts.
Outlook
We continue to consider a number of potential investments within the technology sector. When we have identified a company that has the potential to create significant shareholder value, we will update the market.
Rodger Sargent
Chairman
10 May 2018
INTERIM STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD FROM 6 APRIL 2017 TO 31 DECEMBER 2017
INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2017
INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD FROM 6 APRIL 2017 TO 31 DECEMBER 2017
INTERIM STATEMENT OF CASH FLOW FOR THE PERIOD FROM 6 APRIL 2017 TO 31 DECEMBER 2017
INTERIM STATEMENT OF CASH FLOW FOR THE PERIOD FROM 6 APRIL 2017 TO 31 DECEMBER 2017
NOTES TO THE UNAUDITED INTERIM REPORT FOR THE PERIOD ENDED 31 DECEMBER 2017
1. BASIS OF PREPARATION
The interim financial statements have been prepared on a going concern basis and in accordance with the recognition and measurement principles of International Financial Reporting Standards adopted for use in the European Union (“IFRS”).
The interim financial statements for the period ended 31 December 2017 have not been audited and do not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006.
This Interim Financial Report was approved by the Board of Directors on 9th May 2018.
Statement of compliance
These condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard (‘IAS’) 34 – Interim Financial Reporting as adopted by the European Union. Accordingly the interim financial statements do not include all of the information or disclosures required in the annual financial statements.
2. TURNOVER AND SEGMENTAL ANALYSIS
All of the Company’s activity and income and expenses in the period ended 31 December 2017 were incurred in the United Kingdom, and relate to Baskerville’s ongoing investment activities.
3. LOSS PER SHARE
The calculation of the basis and diluted earnings per share is based on the following data:
The denominator for the purpose of calculating the basic earnings per share has been adjusted to reflect all capital raisings.
The nominal value of the shares is £0.005
The Company has 13,500,000 warrants in issue to the initial shareholders and the directors exercisable at either 2.5 pence or 7.5 pence per share which expire on the second anniversary of the Admission.
5. AVAILABILITY OF INTERIM RESULTS
Copies of the Interim Results for the period to 31 December 2017 are available from the Company’s registered address and will be available on the Company’s website, later today.