REG - Mirada PLC - Final Results <Origin Href="QuoteRef">MIRA.L</Origin> - Part 2

MiradaAnnouncement

18/07/2016 07:05

- Part 2: For the preceding part double click  ID:nRSR3894Ea 

         1,294                       1,482                     
                                                                                                                                                                                
 Share-based payment charge                                                                                               54                          61                        
                                                                                                                                                                                
 Irrecoverable sales tax expense                                                                                          150                         -                         
                                                                                                                                                                                
 Operating profit before interest, taxation, depreciation, amortisation and share-based payment charge (Adjusted EBITDA)  1,498                       1,543                     
                                                                                                                                                                                
 
 
7.    Earnings per Share 
 
                                      Year ended 31 March 2016    Year ended 31 March 2015  
                                      Total                       Total                     
                                                                                            
 Loss for year                        £(404,647)                  £(175,078)                
                                                                                            
 Weighted average number of shares    122,345,366                 104,315,229               
                                                                                            
 Basic loss per share                 £(0.003)                    £(0.002)                  
                                                                                            
 Diluted loss per share               £(0.003)                    £(0.002)                  
                                                                                            
 
 
Adjusted EBITDA per share 
 
Adjusted EBITDA per share is calculated by reference to the operating margin
from continuing activities before profit on disposal, share-based payment
charges, depreciation, amortisation and irrecoverable sales tax (see note 6). 
 
                                      Year ended 31 March 2016    Year ended 31 March 2015  
                                      Total                       Total                     
                                                                                            
 Adjusted EBITDA                      £1,497,955                  £1,543,178                
                                                                                            
 Weighted average number of shares    122,345,366                 104,315,229               
                                                                                            
 Basic adjusted EBITDA per share      £0.012                      £0.014                    
                                                                                            
 Diluted adjusted EBITDA per share    £0.012                      £0.014                    
                                                                                            
 
 
The Company has 4,697,165 (2015: 5,602,238) potentially dilutive ordinary
shares arising from share options issued to staff. Share options have been
included in calculating the diluted earnings. 
 
8.    Share capital 
 
A breakdown of the authorised and issued share capital in place as at 31 March
2016 is as follows: 
 
                                     31 March 2016    31 March 2016    31 March 2015    31 March 2015  
                                     Number           £000             Number           £000           
 Allotted, called up and fully paid                                                                    
 Ordinary shares of £0.01 each       139,057,695      1,391            114,057,695      1,141          
 
 
Share issues 
 
During the year the following share issues took place: 
 
On 1 December 2015 the Company completed a placing for cash raising gross
proceeds of £1,500,000 via the issue of 25,000,000 £0.01 ordinary shares at a
price of £0.06 each. 
 
9.    Events after the reporting date 
 
There are no material reportable events post the balance sheet date. 
 
10.  Cautionary Statement 
 
Mirada plc has made forward-looking statements in this press release,
including statements about the market for and benefits of its products and
services; financial results; product development plans; the potential benefits
of business relationships with third parties and business strategies. These
statements about future events are subject to risks and uncertainties that
could cause Mirada plc's actual results to differ materially from those that
might be inferred from the forward-looking statements, Mirada plc can make no
assurance that any forward-looking statements will prove correct. 
 
This information is provided by RNS
The company news service from the London Stock Exchange