RE: TR1 out - Nick Clark above 3% now10 Aug 2021 17:49
As at 30 June 2021, Sabien had cash in hand of £1.40m (2020: £0.78m).
Commenting on the 2021 financial year, Richard Parris, Chairman of Sabien, stated:
"The Board of Sabien faces an array of opportunities within its chosen market areas. In market capitalisation terms, Sabien is a small company listed on AIM. Executing an expansion strategy via acquisition can be challenging and expensive due to necessary market regulation. The Board will not be deterred by these challenges, and we are actively considering innovative structures within which to maximise the returns to shareholders as soon as possible while minimising execution expenses.
During the year under review, the Company has achieved already a number of key goals. From developing our core service, through strengthening the management team, to improving the Company's financial strength, the year to June 2021 has been one of progress. The Board looks forward to the coming year with considerable confidence. In addition to the number of exciting opportunities, several of which could come to fruition in the short to medium term, we are building a corporate structure which will ensure that this expansion delivers value to shareholders and maintains Sabien's ability to develop further. I look forward to reporting to shareholders in more detail in August."