ZimNRG plc
LSE : ZIMO

December 31, 2009 05:59 ET

Half year report

"ZimNRG Plc (the "Company") un-audited interim results to 31 August 2009

CHAIRMAN'S STATEMENT:

The  Company  announces its third interim un-audited results for the six months' ended  31  August
2009.

The principal activity of ZimNRG plc is to invest in or acquire assets, joint ventures, businesses
or  companies across all sectors  relating  to  natural resources and energy that are based in, or
have their Headquarters in, Zimbabwe and the southern sub-Saharan African region.

Your directors continue to be optimistic about the longer term opportunities for Zimbabwe and  for
your  company  and  they  continue  to actively seek out opportunities  that  meet  the  Company's
strategic objectives.

The Directors do not recommend the payment of a dividend.

The Directors have agreed that their net emoluments (consisting of fees and salaries) will be paid
in   shares,   as  set  out  in  the  Offer  Document.   The  details  of  the  Directors'   total
shareholdings as at 29th December 2009 are set out below (note this is prior to the allocation  of
shares to meet Executive Directors' salaries):

Summary of total of Directors' shareholdings:


---------------------------------------------------------------------------------------
Director                                No. of Shares              % of shares in issue
---------------------------------------------------------------------------------------


Christopher Latilla-Campbell                3,239,761                            7.499%

---------------------------------------------------------------------------------------

Alan Mason                                  1,473,469                            3.62%

---------------------------------------------------------------------------------------

Jonathan de Thierry                           500,000                            1.23%

---------------------------------------------------------------------------------------
                                            ---------
TOTAL                                       3,740,255                            15.91%
---------------------------------------------------------------------------------------

The total number of shares in issue is 43,200,068.

(Christopher    Latilla-Campbell   is   a  potential  beneficiary   of   the   Somers  Investments
Limited  holding  of  14,250,000 shares, representing 32.99% of the shares in issue).


JONATHAN DE THIERRY
CHAIRMAN

29 DECEMBER 2009

 ACCOUNTS FOR THE SIX MONTHS TO 31ST AUGUST, 2009

 PROFIT & LOSS ACCOUNT
 for the period to 31 August, 2009
                                                         GBP

Unrealised Foreign Exchange Gains                    (36,698)
Interest receivable                                      276
 Salaries & fees                                      (5,277)
 Printing                                             (1,904)
 Legal & Professional Fees                           (12,256)
 Travelling and Research                              (1,016)
 General Expenses                                     (2,280)
                                                   --------------
 Loss for the Period                                 (59,155)
                                                   --------------


 BALANCE SHEET
 AT 31 August, 2009
                                                         GBP
 Employment of Capital

 Current Assets

 Bank Balances                                       478,283
 Debtors                                              (7,915)
                                                    --------------
                                                      486,198
 Current Liabilities
 Creditors                                             20,236
                                                    --------------
                                                      465,962
                                                    --------------

 Capital Employed

 Share Capital                                        216,000
 Share Premium                                        597,204
 Profit & Loss Account                                (59,154)
 Prior year reserves                                 (288,088)
                                                   --------------
                                                      465,962
                                                   --------------

 Shares in Issue at 27th November 2008            (43,200,068)

The Directors of the Company accept responsibility for the contents of this announcement.

ENDS

Enquiries:

ZimNRG PLC                                                       01403-738 555
Christopher Latilla-Campbell, Managing Director

Advisor                                                          0207 628 1128
Jonathan Willis-Richards / Peter Freeman,
Loeb Aron & Company Ltd.

Contact Information

  • ZimNRG plc