("CIA" or the "Company")
Final Audited Results to
The financial results for the period since incorporation on
The directors do not recommend a payment of a dividend for the year to
Since admission to NEX in
During the year the Board was strengthened with the appointment of
As announced to the market on
The SPA values the 97.5% interests at approximately £24.6m and values the entire CoalTech and CASA business at approximately £25.2m, based on the Company’s closing bid price on
In view of the size of the acquisition relative to the Company and voting control of the Company, NEX determined that the acquisition constitutes a reverse takeover under the NEX Exchange Rules and is therefore conditional, amongst other things, on the approval of Shareholders. Relevant and necessary documentation is being finalised, and subject to regulatory approval, concluding this process in the near term is a priority for the Company.
The directors of the Company accept responsibility for the contents of this announcement.
Contacts:
info@cleaninvestafrica.com
Tel: 0207 469 0930
Income Statement for the period ended30 September 2018 GBP Continuing operations Revenue - Administrative expenses (204,415) Operating loss (204,415) Finance income 337 Loss before income tax (204,078) Income tax - Loss for the period (204,078) Earnings per share expressed in pence per share: Basic and diluted (0.15)
The Company was incorporated on
Statement of Other Comprehensive Income for the period ended30 September 2018 GBP Loss for the period (204,078) Other comprehensive income - Total comprehensive income for the period (204,078)
Statement of Financial Position
As at
30 September 2018 GBP Non-current assets Investments 358,362 Current assets Trade and other receivables 5,080 Cash and cash equivalents 68,602 Total current assets 73,682 Total assets 432,044 Current liabilities Trade and other payables 22,622 Total current liabilities 22,622 Net current assets 51,060 NET ASSETS 409,422 Equity attributable to the owners of the Company Share capital 402,750 Share premium 210,750 Retained earnings (204,078) TOTAL EQUITY 409,422
The Company was incorporated on
The financial statements were approved by the Board of Directors on
signed on its behalf by:
S T Preece
Director
Statement of Changes in Equity
for the period ended
Share Share Retained Earnings Total Capital Premium Equity GBP GBP GBP GBP Balance at 18 September 2017 - - - - Issue of share capital 402,750 236,250 - 639,000 Cost of shares issued - (25,500) - (25,500) Total comprehensive income - - (204,078) (204,078) Balance at 30 September 2018 402,750 210,750 (204,078) 409,422
Statement of Cash Flows
for the period ended
2018 GBP Operating activities Loss before income tax (204,078) Increase in trade and other receivables (5,080) Increase in trade and other payables 22,622 Net cash used in operating activities (186,536) Investing activities Purchase of investments (358,362) Net cash used in investing activities (358,362) Financing activities Proceeds from issue of shares 639,000 Issue costs (25,500) Net cash from financing activities 613,500 Increase in cash and cash equivalents 68,602 Cash and cash equivalents at beginning of period - Cash and cash equivalents at end of period 68,602
The Company was incorporated on
