REG - Maintel Holdings PLC - Interim results for the six months to 30 June 2014 <Origin Href="QuoteRef">MAIH.L</Origin> - Part 2

Maintel HoldingsAnnouncement

29/10/2014 09:54

- Part 2: For the preceding part double click  ID:nRSH0088Ra 

                                         20.7p          16.7p          37.1p          
                                                                                                                        
 
 
Adjusted basic EPS 
 
21.0p 
 
16.9p 
 
37.6p 
 
Adjusted diluted EPS 
 
20.7p 
 
16.7p 
 
37.1p 
 
4.   Dividends 
 
                                                      Six months to  Six months to  Year ended   
                                                      30 June 2014   30 June 2013   31 Dec 2013  
                                                      £'000          £'000          £'000        
                                                      (unaudited)    (unaudited)    (audited)    
                                                                                                 
 Dividends paid                                                                                  
                                                                                                 
 Final 2012, paid 25 April 2013- 7.3p per share       -              779            779          
                                                                                                 
 Interim 2013, paid 11 October 2013 - 6.7p per share  -              -              715          
                                                                                                 
 Final 2013, paid 24 April 2014- 9.0p per share       961            -              -            
                                                                                                 
                                                      961            779            1,494        
 
 
961 
 
779 
 
1,494 
 
The directors propose to pay an interim dividend of 9.3p per share on 3
October 2014 to shareholders on the register at 19 September 2014. 
 
5.   Exceptional expenses 
 
On 13 September 2013 the Company acquired the entire issued share capital of
Datapoint Customer Solutions Limited, Datapoint Global Services Limited and
Datapoint Communications Limited, the UK and Irish trading operations of the
Datapoint group of companies. Legal and professional costs of £571,000 were
incurred in 2013 in relation to the acquisition of Datapoint, together with
redundancy costs of £120,000 as a result of synergies achieved following the
acquisition. Further redundancy-related costs of £78,000 were incurred in H1
2014 and these costs have also been treated as exceptional in the income
statement. 
 
Independent review report to Maintel Holdings Plc 
 
Introduction 
 
We have been engaged by the company to review the financial information in the
interim results for the six months ended 30 June 2014 which comprises the
consolidated statement of comprehensive income, the consolidated statement of
financial position, the consolidated cash flow statement, the consolidated
statement of changes in equity, and explanatory notes. 
 
We have read the other information contained in the half-yearly financial
report and considered whether it contains any apparent misstatements or
material inconsistencies with the information in the condensed set of
financial statements. 
 
Directors' responsibilities 
 
The interim report, including the financial information contained therein, is
the responsibility of and has been approved by the directors. The directors
are responsible for preparing the interim report in accordance with the rules
of the London Stock Exchange for companies trading securities on AIM which
require that the half-yearly report be presented and prepared in a form
consistent with that which will be adopted in the company's annual accounts
having regard to the accounting standards applicable to such annual accounts. 
 
Our responsibility 
 
Our responsibility is to express to the company a conclusion on the condensed
set of financial statements in the half-yearly financial report based on our
review. 
 
Our report has been prepared in accordance with the terms of our engagement to
assist the company in meeting the requirements of the rules of the London
Stock Exchange for companies trading securities on AIM and for no other
purpose.  No person is entitled to rely on this report unless such a person is
a person entitled to rely upon this report by virtue of and for the purpose of
our terms of engagement or has been expressly authorised to do so by our prior
written consent. Save as above, we do not accept responsibility for this
report to any other person or for any other purpose and we hereby expressly
disclaim any and all such liability. 
 
Scope of review 
 
We conducted our review in accordance with International Standard on Review
Engagements (UK and Ireland) 2410, ''Review of Interim Financial Information
Performed by the Independent Auditor of the Entity'', issued by the Auditing
Practices Board for use in the United Kingdom.  A review of interim financial
information consists of making enquiries, primarily of persons responsible for
financial and accounting matters, and applying analytical and other review
procedures.  A review is substantially less in scope than an audit conducted
in accordance with International Standards on Auditing (UK and Ireland) and
consequently does not enable us to obtain assurance that we would become aware
of all significant matters that might be identified in an audit.  Accordingly,
we do not express an audit opinion. 
 
Conclusion 
 
Based on our review, nothing has come to our attention that causes us to
believe that the condensed set of financial statements in the half-yearly
financial report for the six months ended 30 June 2014 is not prepared, in all
material respects, in accordance with the rules of the London Stock Exchange
for companies trading securities on AIM. 
 
BDO LLP 
 
Chartered Accountants and Registered Auditors 
 
London 
 
5 September 2014 
 
BDO LLP is a limited liability partnership registered in England and Wales
(with registered number OC305127) 
 
This information is provided by RNS
The company news service from the London Stock Exchange