ETAIREIA INVESTMENTS PLC
("Etaireia" or the "Company")
Half- Yearly Results
FOR THE PERIOD ENDED 30th SEPTEMBER 2012
I am pleased to report the Company's results for the six months to 30 September 2012.
There was a loss from continuing operations for the year of £26,233 (2011: £5,752).
Review of Activities
During the period there have been no material investments. The losses relate solely to
administrative costs incurred.
On 10th July 2012 the Company raised £250,000 through the issue of zero coupon convertible loan
notes. The Board intends to use the capital to evaluate and select investment opportunities,
which they feel will offer the greatest potential return for Shareholders.
On 10th July 2012, Priya Shah was appointed to the Board and Louis Yerolemou resigned. Priya
studied Economics at Queens' College, University of Cambridge. After graduating in 2007, she
has worked as a trader at a number of financial institutions in London and is now pursuing
several business opportunities.
The Board continues to actively seek new investment and acquisition opportunities to enhance
shareholder value and the Company hopes to update Shareholders in the near future.
20th December 2012
CONSOLIDATED INCOME STATEMENT
Revenue - -
Cost of sales - -
Gross Profit - -
Administrative expenses (26,233) (5,752)
Loss before tax (26,233) (5,752)
Taxation - -
Loss for the period (26,233) (5,752)
Basic and diluted loss per share (note 1) (0.0308) (0.006)
As at As at
Trade and other receivables - 1,640
Cash and cash 195,182 25
Trade and other payables (24,630) (28,756)
Net Current Liabilities 173,896 (27,091)
Convertible Loan 250,000 -
Net Liabilities (76,104) (27,091)
Issued share capital 217,036 217,036
Share premium 448,491 448,491
Reserve acquisition 1,219,167 1,219,167
Profit and loss (1,960,798) (1911785)
Notes to the financial information
1. The calculation of loss per share is based on the loss on ordinary activities after taxation
and the weighted average number of shares of 85,166,666 in issue during the period. Due to the loss
incurred in the period under review, the dilutive securities have no effect as at 30 September 2012.
2. The Interim Results have not been audited and the financial information contained in these
results has not been reviewed by the Company's auditor.
3. While the financial information included in this announcement has been computed in accordance with
International Financial Reporting Standards (IFRS), this announcement does not itself contain sufficient
information to comply with IFRS. The full financial statements of the company will be prepared in
accordance with IFRS, International Accounting Standards and their interpretations issued or adopted by the
International Accounting Standards Board as adopted for use in the European Union.
4. The financial information has not been audited or reviewed by the auditors, or extracted from
audited information. This financial statement does not constitute statutory accounts within the
meaning of Section 435 of the Companies Act 2006 (the "Act").
5. The Directors have not declared a dividend for the period.
The Directors of Etaireia Investments plc accept responsibility for this announcement.
Etaireia Investments Plc
Tel: 0783 018 2501
Peterhouse Corporate Finance Ltd
Eran Zucker/Fungai Ndoro
Tel: 0207 469 0934