REG - Scholium Group PLC - Trading Update

ScholiumAnnouncement

08/06/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220608:nRSH0698Oa&default-theme=true

RNS Number : 0698O  Scholium Group PLC  08 June 2022

8 June 2022

 

Scholium Group plc

 

Trading update

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 596/2014.

 

The Directors of Scholium Group plc (the "Group") are pleased to provide an
update on trading for the 12 months ended 31 March 2022.

 

Following on from the profitable interim period ended September 2021 the Group
has continued to trade profitably for the six months ended 31(st) March 2022.

 

The Board has taken the decision to close the Mayfair Philatelics business. A
provision for any residual costs and charges arising from its closure is
expected to be charged to the year-ended 31 March 2022 as a discontinued
business expense.

 

The Group remains well capitalised with over £9.3 million of stock and cash
of £0.7 million at 31 March 2022.

 

The Directors expect to release the preliminary statement relating to the
results for the year ended 31 March 2022 by the end of August 2022.

 

 

For further information please visit www.scholiumgroup.com or contact:

 Scholium Group plc                                              +44 (0)20 7493 0876

 David Harland, Chairman

 Bernard Shapero, Chief Executive Director

 Philip Tansey, Finance Director

 WH Ireland Ltd - Nominated Adviser                              +44 (020) 7220 1666

 Chris Fielding

 Megan Liddell

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTSSEFAWEESEEM