REG - Marechale Capital - Trading Update <Origin Href="QuoteRef">MACT.L</Origin>

Marechale CapitalAnnouncement

09/11/2017 17:06

RNS Number : 1022W
Marechale Capital PLC
09 November 2017
9 November 2017
Marechale Capital plc
("Marechale Capital" or the "Company")
Trading update
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 250,000 - 300,000. This compares with a small profit of approximately 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 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.
For further information please contact:
Marechale Capital
Mark Warde-Norbury / Patrick Booth-Clibborn
Tel: +44 (0)20 7628 5582
Smith & Williamson Corporate Finance
Azhic Basirov / David Jones
Tel: +44 (0)20 7131 4000
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

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