VET Verdant

RNS Number:6803D
Verdant Holdings PLC
11 September 2007

Verdant Holdings plc ("The Company")

11 September 2007

Preliminary Results


Verdant plc ("The Company") are pleased to announce its preliminary results for
the period to 30 June 2007. The financial information set out in this
preliminary announcement does not constitute statutory accounts as defined in
Section 240 of the Companies Act 1985.



For further information, please contact:



Guy Pettigrew
Verdant Holdings plc
Tel: 020 7355 7600

Fiona Owen
Nominated Adviser
Grant Thornton Corporate Finance
Tel: 020 7383 5100





CHAIRMAN'S STATEMENT



These unaudited accounts cover the period 10 August 2006 to 30 June 2007.
Verdant Holdings plc ('Verdant') came to AIM on 22nd December 2006, raising
#3.1m gross. Verdant's strategy is to invest in the environmental industry. On
admission to AIM, Verdant had no trading business, but its publicly traded
status and cash reserves have given the Company a platform to analyse a large
number of potential acquisition targets within the green sector. Areas the
Verdant are considering include pollution reduction and remediation, waste
management, renewable energy, energy efficiency technologies and carbon trading.



The company had net assets of #3,054,0000, including cash of #3,101,000 as at 30
June 2007, having made a loss before tax of #47,000 for the period.



Since floatation, a number of opportunities have been considered within these
sectors, and the Directors are optimistic that an acquisition will be completed
in the near future. I look forward to announcing progress shortly.





Warren Todd
Chairman
11th September 2007





INCOME STATEMENT
For the period ended 30 June 2007

                                                                    #'000
Revenue                                                                -
Administrative expenses                                              (105)
Loss from operations                                                 (105)
Bank interest receivable                                               58
Loss before tax                                                       (47)
Tax                                                                     -
Loss after tax                                                        (47)
Basic and diluted loss per share                                   (0.23)p




BALANCE SHEET
As at 30 June 2007


                                                                     #'000
Current assets
Trade and other receivables                                             17
Cash and cash equivalents                                            3,101
                                                                     3,118
Current liabilities - Trade and other                                  (64)
payables

Net assets                                                           3,054
Equity
Share capital                                                          172
Share premium account                                                2,929
Retained earnings                                                      (47)

Total equity                                                         3,054




CASH FLOW STATEMENT
For the period ended 30 June 2007


                                                            #'000        #'000
Net cash from operating activities                                        (41)

Investing activity
Interest received                                                          55

Financing activities
Issue of ordinary share capital                             3,179
Expenses paid in connection with share issues                 (92)
Net cash flow from financing                                            3,087

Increase in cash and cash equivalents                                   3,101




Note



Verdant   Holdings   plc   (the  'Company')  is  a  public  limited  company
incorporated  in  the  United Kingdom. The Registered office address is 3rd
Floor,  84  Grosvenor Street, London, W1K 3JZ. The Company is registered on the
AIM market of the London Stock Exchange.



This  preliminary  announcement  is for the period from incorporation on 10
August  2006 until 30 June 2007.  The preliminary announcement has not been
audited  and does not constitute statutory accounts as defined in Section 240 of
the Companies Act 1985.



This announcement was authorised for issue by the Board of Directors on 11
September 2007. The  statutory  accounts  will  be  available from the company's
registered office and posted to shareholders on 21 September 2007.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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