Business
Final Results
Final Results.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1407I Reabold Resources PLC 28 June 2013 \n \n\n28 June 2013\n \nREABOLD RESOURCES PLC (\"the Company\")\n \nResults for the year ended 31 December 2012\n \nReabold Resources Plc (AIM: RBD) the AIM quoted resources investment company announces its results for year ended 31 December 2012.\n \nCopies of the 2012 Annual Report will be posted shortly to shareholders and are available at the Company's registered office and on the Company's website www.reabold.com.\n \nFor further information, contact:\n \n\n\n\n\nReabold Resources plc\nJeremy Edelman (Executive Chairman)\nAnthony Samaha (Executive Director)\n \n\n\n \n+44 (0) 20 7460 2353\n \n \n\n\n\n\nWesthouse Securities Limited \nTom Griffiths\nRichard Johnson\n\n\n+44 (0) 20 7601 6100\n\n\n\n\n \n \nCHAIRMAN'S STATEMENT\n \nIntroduction\n \nThe 2012 financial year was a dramatic period of change for the Company, from which it emerged at year end as an investing company in the natural resources sector with a new Board and the name of Reabold Resources Plc to reflect this new direction.\n \nDuring the reporting period, the Company divested its business and assets in the media, health and technology marketing services sectors and had Administrators appointed on 23 July 2012 as a result of its difficult financial position. The Administration ended following the meeting of the creditors of the Company and a general meeting of the shareholders on 19 December 2012 where approvals were given for a Company Voluntary Arrangement that enabled the Company to avoid dissolution. In addition, shareholders approved a re-organisation of the Company's share capital and a fundamental change of business to that of an investing company in the natural resources sector. \n \nIn conjunction with the successful restructuring of the Company, a placing of new shares to raise £150,000 in working capital to pursue its new business direction was undertaken in December 2012, culminating in the Company's shares being restored to trading on AIM on 24 December 2012.\n \nNew Board\n \nFollowing the approval of the CVA on 19 December 2012, I was appointed to the Board of the Company as Chairman, together with Anthony Samaha, and the previous directors stepped down at that time. The ne...