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Pin to quick picksMarechale Cap. Regulatory News (MAC)

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7.00    0.45 (6.87%)
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Spread: 1.00 (15.385%)
Market Cap: £8.36m
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Trading Update

9 Nov 2017 17:01

RNS Number : 1022W
Marechale Capital PLC
09 November 2017
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9 November 2017

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Marechale Capital plc

("Marechale Capital" or the "Company")

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Trading update

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Marechale Capital announces, ahead of the announcement of its interim results for the six months ended 31 October 2017, that due to delays in relation to a number of the transactions it is involved in, it expects to report an operating loss for this period of between Β£250,000 - 300,000. This compares with a small profit of approximately Β£14,000 for the six months ended 30 September 2016. In addition, the Company expects to write down the book value of its investments by approximately Β£100,000 from their value at 30 April 2017 (the Company's year-end), although this is only a preliminary estimate at this stage. The Company expects to announce its full interim results in January 2018.

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For further information please contact:

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Marechale Capital

Mark Warde-Norbury / Patrick Booth-Clibborn

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Tel: +44 (0)20 7628 5582

Smith & Williamson Corporate Finance

Azhic Basirov / David Jones

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Tel: +44 (0)20 7131 4000

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This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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