9 Nov 2017 17:01
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 Β | Tel: +44 (0)20 7628 5582 |
Smith & Williamson Corporate Finance Azhic Basirov / David Jones Β | 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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