TIDMIME
RNS Number : 8990R
Immedia Group PLC
27 September 2017
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
STRICTLY EMBARGOED UNTIL 7:00 AM
DATE: 27 SEPTEMBER 2017
IMMEDIA GROUP PLC
("Immedia" or the "Company" or the "Group")
UNAUDITED HALF-YEAR RESULTS
Immedia (AIM:IME), a supplier of multi-media content and digital
audience engagement solutions for leading brands and global
businesses, announces its unaudited half-year results for the six
months ended 30 June 2017.
Commenting on the performance, Immedia's CEO Bruno Brookes
said:
"Immedia Group now offers a broader set of products and services
across a wide range of sectors.
Levels of new and existing client engagement have never been
higher and we look forward to updating our stakeholders when these
opportunities convert to a contractual arrangement. Our key sectors
for growth will be new business opportunities across the four
pillars of retail, sport, education and workforce.
Whilst the first half of 2017 provided a challenge as we
reshaped and integrated our acquisition in AVC Media and meant that
the Group made an increased loss on the same period last year, we
are very well placed to move forward with our overall Group
strategy and further develop our business growth. Under the new
Chairmanship of Tim Hipperson and with our strengthened management
team, the Board remains confident that the outlook for the Group is
positive."
KHI HIGHLIGHTS
* 75% increase in revenue to GBP1,845,278 - including a
first full six months contribution from AVC Media
(HY1 2016: GBP1,055,464)
* AVC Media (acquired in 2016) contributed 30% of
revenue in the period
* The take-up of SUBWAY(R) Radio exceeded our
expectations and is now in six European territories
(including the UK and Republic of Ireland)
* Ongoing focus on refining operational efficiencies
* Significant new client engagement that will flow
through in late 2017 and 2018
* Post the period end:
o Service trial with major UK financial services
institution has been successful and has been extended
to additional branches
o Completion of a successful trial with a major
UK retailer which is expected to proceed to full
rollout in 2018
o Continued expansion of the JD-X service to JD
Sports
o Further skills added to the Board - Tim Hipperson
appointed Non-executive Chairman to drive the corporate
development strategy
KEY FINANCIALS
Unaudited Unaudited Audited
Half year Half year Year to
to to 31 Dec
30 June 30 June 2016
2017 2016
Revenue GBP1,845,278 GBP1,055,464 GBP2,610,121
EBITDA* GBP(104,382) GBP15,671 GBP(83,025)
Results from operating GBP(188,146) GBP(14,513) GBP(183,842)
activities
Loss before income tax GBP(188,225) GBP(11,575) GBP(184,372)
Net fair value loss on GBP(34,500) GBP(82,500) GBP(90,000)
available for sale assets
Total comprehensive loss GBP(222,725) GBP(94,075) GBP(279,065)
for the period
Loss per share - basic
(pence) (1.37) (0.08) (1.38)
Loss per share - diluted
(pence) (1.37) (0.08) (1.38)
Net Cash and cash equivalents GBP82,138 GBP338,101 GBP125,886
*Profit/(Loss) before
interest, tax, depreciation,
amortisation, impairment
charges and other exceptional
income
FULL STATEMENT ATTACHED
Enquiries:
Immedia Group plc Tel: +44 (0) 1635
Tim Hipperson, Non-executive 556200
Chairman
Bruno Brookes, CEO
www.immediaplc.com
SPARK Advisory Partners Limited
(Nomad)
Mark Brady/Neil Baldwin Tel: +44 (0) 203
368 3550
SI Capital Limited (Stockbroker)
Nick Emerson Tel: +44 (0) 1483
413500
TooleyStreet Communications
(IR & Media Relations)
Fiona Tooley Tel: +44 (0) 7785
703523
About Immedia Group plc
www.immediaplc.com
Immedia's Group is a multi-media content and digital
solutions provider to global businesses and organisations
investing in internal and/or Brand communications.
Our interactive audio channels deliver original
and relevant content, via Immedia's Dreamstream
platform, to a client's workforce and/or customer
base. Each channel is supported with powerful data
analytics, which monitor audience activity and provide
data to enable Immedia to enhance audience engagement.
The Group also creates original video, 3D & 4D animation,
app and web content, as well as supplying and installing
audio visual equipment.
Immedia's clients include: BP, FIFA, HSBC, JD Sports Fashion,
O2, Shell, Subway Europe, Superdrug and IKEA.
IMMEDIA GROUP PLC
Unaudited Half-Year Results for the six months ended 30 June
2017
CHIEF EXECUTIVE'S REVIEW
INTRODUCTION
The first half of 2017 proved more difficult for the Group than
expected. Whilst we generated significantly more revenue than in
the corresponding period in 2016, our costs were higher than
envisaged primarily because of the need to reshape and support our
2016 acquisition of AVC Media, now trading as AVC Immedia. The full
benefit of cost reduction initiatives will be seen in 2018.
Despite this, the Group has progressed substantially, generating
healthy revenues from AVC Immedia and initiating a significant
number of new business opportunities that we are optimistic will
come to fruition over the next 18 months, all supported by the
Group's strengthened operational and financial management team.
FINANCIAL RESULTS
Revenue in the period being reported increased 75% to
GBP1,845,278 (HY1 2016: GBP1,055,464), a significant improvement
over the corresponding period in 2016; the increase includes the
first full HY1 trading of AVC Immedia, which contributed 30% of
total revenue, as well as further business development with JD
Sports, Subway, Superdrug and other clients.
Immedia benefited from one-off installation revenues as part of
a successful service trial with a major UK financial services
institution. We anticipate a further substantive rollout from this
institution, but cannot be sure if this will commence in HY2 2017
or in 2018. A further announcement will be made at the appropriate
time.
However, as a result of continuing support and restructuring of
AVC Immedia which as above has taken longer than expected to
integrate, together with one-off costs and short-term working
capital requirements, EBITDA recorded a loss of GBP104,382 (HY1
2016 : profit GBP15,671). For this reason cash balances were lower
than H1 2016 and those at 31 December 2016. The Group continues to
be virtually debt free.
As in previous years, Immedia's investment in AudioBoom Group
plc, the leading spoken--word audio platform (AIM: BOOM), showed
significant fluctuations in value during the period. In accordance
with our IFRS accounting regime, a loss on revaluation of
investments of GBP34,500 has been reported in the first half (HY1
2016: loss of GBP82,500). Cumulatively, the Group remains in profit
on its investment.
OPERATIONS
The business overall has performed solidly in the period.
New business won in the last 18 months continue to perform well.
For example SUBWAY(R) Radio supplied by Immedia is performing ahead
of our expectations; currently the service has been taken up in
more than 2,800 sites, in six European territories. We are
currently discussing plans to provide a further service for the
remaining countries in Europe in which SUBWAY(R) operates.
AVC Immedia
This part of our business was acquired in 2016 and since then
has performed well. AVC Immedia continues to work with a wide range
of high profile customers including Shell, PGA, FIFA, GE, SKY, and
BBC. Further examples include:
-- A range of filming and post-production services at the Under
20 World Cup in South Korea for FIFA
-- Video content work with BP Angola, Global Energy Group,
National Hyperbaric Centre, Aberdeen University and Sparrows have
proven to be long term, repeat business for content creation
-- A bespoke training tool for The Wood Group called 'Sales
Board' has been built and supplied to the client with a global
rollout of the tool now underway. The TrainR App for global
offshore training specialists OPITO has also been developed by AVC
Immedia
AVC Immedia's highlight of the year to date is the national
tender win to supply the 3D external and internal animations for
the new GBP50 million Aberdeen Exhibition and Conference Centre
(see https://vimeo.com/234993953).
The 3D animation offering also included a variety of work for
Group clients including Halliburton, Oceaneering and TOTAL as well
as Texas based SAFWAY, resulting in projects in asset integrity and
development scenarios for construction and subsea environments.
Post Period End
The JD-X project for JD Sports continues to expand and later
this year will see a major upgrade of the Apple and Android
applications. There are also plans to increase the amount of live
programming and number of distribution channels. The in-store
service rollout has begun; all JD stores will receive Immedia's
JD-X service by the end of March 2018.
Immedia has recently completed a successful trial with another
major UK retailer which is expected to proceed to full rollout
during 2018. Further details will be made available in due
course.
We are also delighted to report that Immedia's trial with a
major UK financial services institution has been extended to
additional branches. Immedia is providing a mixture of services
including live presenter led radio in high street locations
together with equipment supply and installation.
PEOPLE
We have 31 employees in the business and we thank them for their
continued dedication and contribution to the model we are
developing.
As we have previously indicated, we have further strengthened
the Senior Team. COO Steve King and recently appointed Group
Financial Controller Snehal (Sam) Lakhani have brought about
significant operational improvements throughout the business. These
initiatives underpin the confidence we have that our business is in
excellent operational shape.
Recent Board appointments include Simon Leathers as a
Non-executive director and Chair of the Audit Committee and Tim
Hipperson as Non-executive Chairman. Tim has extensive media
experience having previously held CEO positions within WPP,
Interpublic Group and Publicis Group. He will guide Immedia's newly
formulated corporate development strategy whilst the business team
develops new business opportunities across the four pillars of
retail, sport, education and workforce.
OUTLOOK
The revenue growth in Immedia and stringent cost management of a
restructured AVC Immedia now bode well for the future. Whilst we
have financially supported the integration and restructure costs of
AVC Immedia, together with investment for equipment upgrades and a
continuous marketing programme, we now possess a more flexible and
resilient AVC Immedia business that is already seeing the benefits
of the Group's ongoing strategy. We see a clear path on how we can
build our Aberdeen based business across a national and
international client base, with some positive early results.
We have a clear focus for our journey ahead. Immedia was
established as an in store radio company in 2003 and has developed
its reputation as a specialist provider of entertainment and
audience communications to large brand led audiences. Now, we are
successfully expanding our reach to 'bricks and clicks'.
Our opportunities in mobile are vast and provide a platform to
expand our in app entertainment services across our four pillars in
retail, sport, education and workforce. In the same way we have
established entertainment and communication channels in 'bricks',
we are well down the path of providing the same for brands who
attract vast numbers of customers to their mobile apps. Soon, we
will be launching a shopping first for an existing client, where
Immedia will integrate a 'live' and interactive, multi-channel
entertainment experience for fans whilst they shop on their
mobiles. We are working on a number of possibilities to expand
audience reach for our clients. This is the age when brands are
becoming media owners and Immedia Group is well positioned to
advise and develop their aspirations.
Bruno Brookes, CEO
On behalf of Immedia Group plc
26 September 2017
Consolidated statement of profit and loss
Unaudited Unaudited Audited
Half-year Half-year Year ended
ended ended 30 31 December
notes 30 June June 2016
2017 2016
GBP GBP GBP
---------------------------- -------- ------------ ----------- -------------
Revenue 1,845,278 1,055,464 2,610,121
Cost of sales (851,256) (528,074) (1,285,369)
Gross profit 994,022 527,390 1,324,752
Administrative expenses (1,182,168) (541,903) (1,525,719)
Other exceptional income - 17,125
------------ ----------- -------------
Loss from operations (188,146) (14,513) (183,842)
------------ ----------- -------------
Finance income 109 3,444 2,540
Finance cost (188) (506) (3,070)
------------ ----------- -------------
Loss before tax (188,225) (11,575) (184,372)
Tax expense - - (4,693)
Loss for the period (188,225) (11,575) (189,065)
------------ ----------- -------------
Earnings per share (pence)
Basic 7 (1.37) (0.08) (1.38)
Diluted 7 (1.37) (0.08) (1.38)
Consolidated statement of profit or loss and other comprehensive
income
Unaudited Unaudited Audited
Half-year Half-year Year ended
ended ended 30 31 December
notes 30 June June 2016
2017 2016
GBP GBP GBP
-------------------------------- --------- ----------- ----------- -------------
Loss for the period (188,225) (11,575) (189,065)
Items that may be reclassified
subsequently to profit
or loss
Net fair value loss on
available for sale assets
during the period (34,500) (82,500) (90,000)
Total comprehensive loss
for the period (222,725) (94,075) (279,065)
----------- ----------- -------------
Consolidated balance sheet
Unaudited Unaudited Audited
Half-year Half-year At
At 30 At 30 June 31 December
notes June 2016 2016
2017
GBP GBP GBP
------------------------------- -------- ------------ ------------ -------------
Assets
Non-current assets
Property, plant and equipment 260,960 184,393 303,929
Intangible assets 395,541 201,045 425,044
Deferred tax assets 13,150 60,700 13,150
Available for sale assets 130,500 172,500 165,000
------------ ------------ -------------
Total non-current assets 800,151 618,638 907,123
------------ ------------ -------------
Current assets
Inventories 147,582 54,147 98,353
Trade and other receivables 639,363 944,793 807,506
Pre-payments 175,136 124,539 87,014
Cash and cash equivalents 5 82,138 338,101 125,886
------------ ------------ -------------
Total current assets 1,044,219 1,461,580 1,118,759
------------ ------------ -------------
TOTAL ASSETS 1,844,370 2,080,218 2,025,882
------------ ------------ -------------
Equity
Share capital 6 1,455,684 1,455,684 1,455,684
Share premium 3,586,541 3,586,541 3,586,541
Merger reserve 2,245,333 2,245,333 2,245,333
Share-based payment reserve 4,578 4,578 4,578
Investment valuation reserve 40,500 82,500 75,000
Retained losses (6,716,151) (6,350,436) (6,527,926)
------------ ------------ -------------
Total equity 616,485 1,024,200 839,210
------------ ------------ -------------
Liabilities
Non-current liabilities
Finance leases 5,063 - 5,796
Trade and other payables - 34,449 -
Provisions 42,500 14,063 42,500
------------ ------------ -------------
Total non-current liabilities 47,563 48,512 48,296
------------ ------------ -------------
Current liabilities
Finance leases 2,495 - 4,987
Trade and other payables 1,083,275 897,453 944,841
Deferred income 94,552 110,053 188,548
------------ ------------ -------------
Total current liabilities 1,180,322 1,007,506 1,138,376
------------ ------------ -------------
Total liabilities 1,227,885 1,056,018 1,186,672
------------ ------------ -------------
Total equity and liabilities 1,844,370 2,080,218 2,025,882
------------------------------- -------- ------------ ------------ -------------
Consolidated statement of changes in equity
Attributable to equity shareholders in the Company
Total equity Share Share Merger Share-based Investment Retained Total
at 30 June 2017 premium payment revaluation
account reserve
(unaudited) capital GBP Reserve reserve GBP losses Equity
GBP
GBP GBP GBP GBP
--------------------- ---------- ---------- ---------- ------------ ------------- ------------ ----------
Balance as at
1 January 2017 1,455,684 3,586,541 2,245,333 4,578 75,000 (6,527,926) 839,210
Loss for the
year - - - - - (188,225) (188,225)
Other Comprehensive
Income for the
period:
Net fair value
loss on available
for sale financial
assets - - - - (34,500) - (34,500)
---------- ---------- ---------- ------------ ------------- ------------ ----------
Total comprehensive
loss for the
year - - - - (34,500) (188,225) (222,725)
---------- ---------- ---------- ------------ ------------- ------------ ----------
Balance at 30
June 2017 1,455,684 3,586,541 2,245,333 4,578 40,500 (6,716,151) 616,485
---------- ---------- ---------- ------------ ------------- ------------ ----------
Total equity Share Share Merger Share-based Investment Retained Total
at 30 June 2016 premium payment revaluation
account reserve reserve
(unaudited) capital GBP Reserve GBP GBP losses Equity
GBP GBP GBP GBP
--------------------- ---------- ---------- ---------- ------------ ------------- ------------ -----------
Balance at 1
January 2016 1,455,684 3,586,541 2,245,333 4,578 165,000 (6,335,948) 1,121,188
Sale of EBT shares
on exercise of
share options - - - - - 2,597 2,597
Purchase of own
shares by EBT - - - - - (5,510) (5,510)
---------- ---------- ---------- ------------ ------------- ------------ -----------
Transaction with
owners - - - - - (2,913) (2,913)
---------- ---------- ---------- ------------ ------------- ------------ -----------
Loss for the
period - - - - - (11,575) (11,575)
Other comprehensive
income for the
period:
Net fair value
loss on available
for sale financial
assets - - - - (82,500) - (82,500)
---------- ---------- ---------- ------------ ------------- ------------ -----------
Total comprehensive
loss for the
period - - - - (82,500) (11,575) (94,075)
---------- ---------- ---------- ------------ ------------- ------------ -----------
Balance at 30
June 2016 1,455,684 3,586,541 2,245,333 4,578 82,500 (6,350,436) 1,024,200
---------- ---------- ---------- ------------ ------------- ------------ -----------
Total equity Share Share Merger Share-based Investment Retained Total
at 31 December premium payment revaluation
2016 account reserve reserve
(audited) capital GBP Reserve GBP GBP losses Equity
GBP GBP GBP GBP
--------------------- ---------- ---------- ---------- ------------ ------------- ------------- -----------
Balance as at
1 January 2016 1,455,684 3,586,541 2,245,333 4,578 165,000 (6,335,948) 1,121,188
Sale of EBT shares
on exercise of
share options - - - - - 2,597 2,597
Purchase of own
shares by EBT - - - - - (5,510) (5,510)
---------- ---------- ---------- ------------ ------------- ------------- -----------
Transaction with
owners - - - - - (2,913) (2,913)
---------- ---------- ---------- ------------ ------------- ------------- -----------
Loss for the
year - - - - - (189,065) (189,065)
Other comprehensive
income for the
period:
Net fair value
loss on available
for sale financial
assets - - - - (90,000) - (90,000)
---------- ---------- ---------- ------------ ------------- ------------- -----------
Total comprehensive
loss for the
year - - - - (90,000) (189,065) (279,065)
---------- ---------- ---------- ------------ ------------- ------------- -----------
Balance at 31
December 2016 1,455,684 3,586,541 2,245,333 4,578 75,000 (6,527,926) 839,210
---------- ---------- ---------- ------------ ------------- ------------- -----------
Consolidated statement of cash flows
Unaudited Unaudited Audited
Half-year Half-year At
At 30 At 30 June 31 December
notes June 2016 2016
2017
GBP GBP GBP
-------------------------------- -------- ----------- ------------ -------------
Cash flows from operating
activities
Loss for the period before
income tax (188,225) (11,575) (184,372)
Adjustments for:
Depreciation, amortisation
and impairment charges 83,764 30,184 117,942
Exceptional gain from negative
goodwill - - (98,647)
Finance income (109) (3,444) (2,540)
Finance cost 188 506 3,070
Decrease/(increase) in
trade and other receivables
and pre-payments 80,020 (124,362) 50,450
(Increase)/decrease in
inventories (49,229) 35,474 3,792
Increase in trade and other
payables and deferred income 44,441 69,074 154,110
(Decrease) in provisions - - (14,063)
----------- ------------ -------------
Net cash from operating
activities (29,150) (4,143) 29,742
----------- ------------ -------------
Taxation - - -
Cash flows from investing
activities
Interest received 109 3,444 2,540
Acquisition of property,
plant and equipment (11,293) (2,445) (44,363)
Payment to acquire trade
of AVC Media - - (200,000)
----------- ------------ -------------
Net cash from investing
activities (11,184) 999 (241,823)
----------- ------------ -------------
Cash flows from financing
activities
Repayment of finance leases (3,226) (8,771) (9,485)
Interest paid (188) (506) (3,070)
Sale of EBT shares on exercise
of share options - 2,597 2,597
Purchase of own shares
for EBT - (5,510) (5,510)
----------- ------------ -------------
Net cash from financing
activities (3,414) (12,190) (15,468)
----------- ------------ -------------
Net decrease in cash and
cash equivalents (43,748) (15,334) (227,549)
Cash and cash equivalents
at the beginning of the
period 125,886 353,435 353,435
Cash and cash equivalents
at the end of the period 5 82,138 338,101 125,886
----------- ------------ -------------
NOTES TO THE FINANCIAL STATEMENTS
Financial information contained in this document does not
constitute statutory accounts within the meaning of section 434 of
the Companies Act 2006 ("the Act"). The statutory accounts for the
year ended 31 December 2016 have been filed with the Registrar of
Companies. The report of the auditors on these statutory accounts
was unqualified, did not draw to any matters by way of emphasis and
did not contain a statement under section 498(2) or (3) of the Act.
The financial information for the six months ended 30 June 2017 and
30 June 2016 is unaudited.
This announcement was approved by the Board on 26 September
2017.
1. Reporting entity
Immedia Group Plc (the "Company") is a public limited company
incorporated and domiciled in England and Wales. The address of the
Company's registered office, and its principal place of business,
is 7-9 The Broadway, Newbury, Berkshire RG14 1AS. The consolidated
financial statements of the Company as at and for the year ended 31
December 2016 comprise the Company and its subsidiaries (together
referred to as the "Group").
The Group is involved in marketing and communication services
through the provision of interactive digital channels products and
services using music, radio and screen-based media to provide brand
conversation, engaging entertainment and innovative technical
solutions. It also supplies, installs and maintains the equipment
required to deliver these services.
2. Basis of preparation
The interim financial information in this report has been
prepared using accounting policies consistent with IFRS as adopted
by the European Union. IFRS is subject to amendment and
interpretation by the International Accounting Standards Board
(IASB) and the IFRS Interpretations Committee and there is an
ongoing process of review and endorsement by the European
Commission. The financial information has been prepared on the
basis of IFRS that the Directors expect to be adopted by the
European Union and applicable as at 31 December 2017. The Group has
chosen not to adopt IAS 34 "Interim Financial Statements" in
preparing the interim financial information.
3. Significant accounting policies
The accounting policies set out in detail in note 3 of the
Group's consolidated financial statements to 31 December 2016 have
been applied consistently to these unaudited financial statements
to 30 June 2017, including:
(a) Revenue
Revenue represents the amounts receivable by the Group for the
provision of its goods and services, excluding value added tax.
Revenue from production services comprises the broadcasting of live
and as live radio programmes to customers' premises using
appropriate technologies, together with the production of
advertising content for use in those programmes. Revenue from these
services is billed on time based subscriptions and recognised on
the date of broadcast. Revenue from equipment sales is recognised
on the earlier of date of delivery and configuration, or when risk
and reward pass to the customer; revenue from content delivery and
equipment maintenance services is billed on time based
subscriptions and is recognised monthly on completion.
To the extent that invoices are raised to a different pattern
than revenue recognition described above, appropriate adjustments
are made through deferred and accrued income to account for revenue
when the underlying service has been performed or goods have been
transferred to the customer.
(b) Financial instruments: financial assets
Investments other than investments in subsidiaries are
classified as either held-for-trading or as available for-sale at
initial recognition and this designation is re-evaluated at each
period end date. At the period end date all such investments are
classified as available for-sale.
Available for-sale investments are initially measured at fair
value, which ordinarily equates to cost, including transaction
costs. At subsequent reporting dates available-for-sale investments
are measured at fair value or at cost where fair value is not
readily measurable.
Gains and losses arising from changes in fair value are
recognised in other comprehensive income and taken to the
investment revaluation reserve until the investment is disposed of
or is determined to be impaired, at which time the accumulated fair
value adjustments recognised in equity are included in the
statement of profit or loss as 'gains and losses from
investments'.
4. Other short term financial assets
In March 2014 the Group invested GBP90,000 in the purchase of
6,000,000 shares in AudioBoom Group plc, an AIM-quoted audio social
media platform, as part of the Group's strategy to broaden its
digital marketing and communications services.
The investment has been designated as available-for-sale with
fair value changes recognised in other comprehensive income (see
note 3(b) above). At 30 June 2017 the fair value of the investment
was GBP130,500 with a current period fair value loss of GBP34,500
recognised in other comprehensive income (30 June 2016 fair value
GBP172,500 with fair value loss of GBP82,500 recognised in other
comprehensive income; 31 December 2016 fair value GBP165,000 with
fair value loss of GBP90,000 recognised in other comprehensive
income).
As at the date of approval of this report, the investment
represents c.0.64% of AudioBoom Group plc's shares in issue and has
a fair value of GBP141,000.
5. Cash and cash equivalents
Unaudited Unaudited Audited
as at as at as at
30 June 17 30 June 16 31 Dec 16
GBP GBP GBP
Bank balances 16,119 5,634 46,770
Call deposits 66,019 332,467 79,116
Cash and cash equivalents 82,138 338,101 125,886
============ ============ ===========
Cash and cash equivalents comprise cash balances and short-term
call deposits.
6. Share Capital
Unaudited Unaudited Audited
as at as at as at
30 June 17 30 June 16 31 Dec 16
GBP GBP GBP
Authorised
36,000,000 Ordinary shares of 10 pence each 3,600,000 3,600,000 3,600,000
------------ ------------ -----------
Allotted, called up and fully paid
14,556,844 Ordinary shares of 10 pence each 1,455,684 1,455,684 1,455,684
------------ ------------ -----------
There are no restrictions on the transfer of shares in Immedia
Group Plc. All shares carry equal voting rights.
7. Earnings per share
Unaudited Unaudited Audited
as at as at as at
30 June 17 30 June 16 31 Dec 16
Number Number Number
Weighted average number of shares in issue 14,556,844 14,556,844 14,556,844
Less weighted average number of own shares (832,374) (832,374) (832,374)
Weighted average number of shares in issue for basic earnings per share 13,724,470 13,724,470 13,724,470
============ ============ ===========
The basic and diluted earnings per share are calculated using
the after tax loss attributable to equity shareholders for the
financial period of GBP188,225 (30 June 2016: loss GBP11,575; 31
December 2016: loss GBP189,065) divided by the weighted average
number of Ordinary shares in issue in each of the relevant periods:
30 June 2017: 13,724,470 shares (30 June and 31 December 2016:
13,724,470 shares). For the period to 30 June 2017 and the year to
31 December 2016 and period to 30 June 2016 and in accordance with
IAS 33, the diluted loss per share is stated as the same amount as
basic as there is no dilutive effect.
By order of the Board
26 September 2017
FORWARD LOOKING STATEMENTS
This document contains certain forward-looking statements which
reflect the knowledge and information available to the Company
during the preparation and up to the publication of this document.
By their very nature, these statements depend upon circumstances
and relate to events that may occur in the future thereby involving
a degree of uncertainty. Although the Group believes that the
expectations reflected in these statements are reasonable, it can
give no assurance that these expectations will prove to have been
correct. Given that these statements involve risks and
uncertainties, actual results may differ materially from those
expressed or implied by these forward-looking statements.
The Group undertakes no obligation to update any forward-looking
statements whether because of new information, future events or
otherwise.
The Half-Year Report will be available to view and download from
the Group's website at www.immediaplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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From Apr 2024 to May 2024
Fiinu (LSE:BANK)
Historical Stock Chart
From May 2023 to May 2024