Mt25 Sep 2014 08:08
These still hold 37m shares of WSX.
According to today's results....
James Ede-Golightly, Chairman, said:
Having simplified the group structure and reduced expenditure while retaining a strong balance sheet, the group is in an increasingly attractive position to address corporate opportunities as they arise. The board will inform investors of future developments when they arise.
A full copy of the Company's Annual Report and Accounts for the year ended 30 June 2013, together with the Notice of Annual General Meeting, will shortly be posted to shareholders and is available on the Company's website at www.quoram.co.uk within the Investor Relations section.
The Company's Annual General Meeting will be held on 5 November 2014 at 2.00 p.m. at the offices of WH Ireland, 24 Martin Lane, London, EC4R 0DR.
Enquiries :
Quoram Plc
James Ede-Golightly, Chairman +44 (0) 1481738723
WH Ireland Limited (Nominated adviser)
John Wakefield, Corporate Finance +44 (0) 117 945 3470
CHAIRMAN'S STATEMENT
At the end of the year the company's net assets were 0.26p per share, an increase from 0.25p since December 2013 and a decline from 0.33p per share in June 2013.
The loss for the year declined from GBP1.98m to GBP0.69m, the improvement reflecting the non-repetition of exceptional administrative expenses, partially offset by a continued decline in the carrying value of Wessex Exploration Plc, which is held as an asset available for sale.