Business
Final Results - Replacement
Final Results - Replacement.
About this update from Westmount Energy Limited
[{"type":"text","content":"\n \nRNS Number : 0543U Westmount Energy Limited 27 November 2013 \n \n\n \nThe following amendment has been made to the Final Results announcement released on 27 November at 7am under RNS No 0099U.\n \nThe Annual General Meeting Date has been amended to Thursday 19 December 2013 at 3.00 pm.\n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \nWestmount Energy Limited\n(\"Westmount\" or the \"Company\")\nFinal Results\n \nThe Company is pleased to announce its Final Results for the year ended 30 June 2013. A copy of the results is available on the Company's website, www.westmountenergy.com, and will be posted to shareholders by 29 November 2013.\n \nNotice is hereby given that the Annual General Meeting of Westmount will be held at 47 Esplanade, St. Helier, Jersey, JE1 0BD, Channel Islands on Thursday 19 December 2013 at 3.00pm.\n \nCHAIRMAN'S REVIEW \n \nThe fiscal year has been one of frustration as we have been continuing with our strategy of seeking alternatives that would create value for our shareholders but without much success.\n \nThe energy market has been out of favour with the Investors and thus the Board has had difficulty in finding transactions which would justify their valuation. We have thus broadened our approach and are looking at other value creating areas in order to achieve our objectives.\n \nWhilst we have been pursuing this new policy we have been conscious of the need to reduce our overheads and we announced in January 2013 that the Directors have reduced their fees. Mr Walsh and Mr O'Gorman have waived their fees in entirety and I and Mr Richardson have reduced our fees by fifty per cent as from 1 January 2013.\n \nI can reassure shareholders that we are actively pursuing opportunities and will report on developments as and when they arise. We are fully aware of our obligation to our Shareholders to create real value for the Company.\n \n \nMERVYN BRADLOW\nChairman\n \n \n \n \nEnquiries:\n \nDavid King\nWestmount Energy Limited Tel: 01534 835660\n \nNicholas Wells/Elizabeth Bowman\nCenkos Securities Plc Tel: 0207 397 8900\n \n \n \n\n\n\nSTATEMENT OF COMPREHENSIVE INCOME\nFOR THE YEAR ENDED 30 JUNE 201...