Business
Interim Report for the period ended 30 June 2016
Interim Report for the period ended 30 June 2016.
About this update from Hemogenyx Pharmaceuticals Plc
[{"type":"text","content":"\n \nRNS Number : 3216G Silver Falcon PLC 05 August 2016 \n\n \n5 August 2016\nSilver Falcon Plc \n \n(\"SILF\" or \"the Company\")\n \nInterim Report for the period ended 30 June 2016\n \nSilver Falcon Plc announces its unaudited interim results for the six-month period ended 30 June 2016.\n \nHighlights\n \n· Successfully admitted to trading on the Main Market of the London Stock Exchange on 9th November 2015\n \n· Raised £1.5m cash (gross) through the issue of 64.9m new ordinary shares\n \n· Cash balance at 30 June 2016 was £1.2m\n \n· Cash balance at the date of this report is £1.2m\n \nChairman's Statement\n \nI am pleased to present the Interim Report for the six months ended 30th June 2016. During the period the Company made a loss of £174,936 (six months to 31 August 2015: loss of £80,367) which is mainly attributable to professional fees incurred on the proposed acquisition of Lime Holdings Limited as announced at the end of last year and general administration expenses. \n \nWhilst the Board is unable to update shareholders on the status of any negotiations at this stage, it remains confident that it can complete a transaction that will be beneficial to all shareholders. The Board considers that there will not be any detrimental effect to its ability to close a transaction as a result of Brexit. I would like to reassure shareholders that an announcement will be made to the market as soon as circumstances allow. \n \n \n \nGeoffrey Dart\nExecutive Chairman\n \n \n \n \n \nResponsibility Statement\n \nWe confirm that to the best of our knowledge:\n \n· the interim financial statements have been prepared in accordance with International Accounting Standards 34, Interim Financial Reporting, as adopted by the EU; and\n \n· give a true and fair view of the assets, liabilities, financial position and loss of the Company; and\n \n· the Interim report includes a fair review of the information required by DTR 4.2.7R of the Disclosure and Transparency Rules, being an indication of important events that have occurred during the first six months of the financial year and their impact on the set of i...