Half Yearly Report

Half Yearly Report


Etaireia Investments PLC
(“Etaireia” or the “Company”)

Interim Results


I am pleased to present the interim results for Etaireia Investments PLC for the six
months ended 30th September 2013.

Financial Overview
There was a loss from continuing operations for the year of GBP21,083 (2012: GBP26,233).

Review of Activities
During the period GBP45,000 of loan notes were converted to equity and the company issued 45,000,000 new ordinary shares.

There have been no other material events, transactions or developments. The losses relate solely to administrative costs incurred.

Operating expenses will continue to be kept at a minimum until more regular cash flows can be generated.

The cash position remains adequate for the current level of activity but will be reviewed in the context of any investments that may be made.

Post Balance Sheet Events
The Company is pleased to have announced the appointment of Stuart J. Black as an Executive Director earlier today. The Board believes that Stuart’s knowledge of the property markets nationwide will enable the Company to identify attractive investment targets within this sector. The Board continues to actively seek new investment and acquisition opportunities to enhance shareholder value and we hope to make further announcements in the near future.

Greg Collier
Executive Director
12th December 2013


Period Period
01/04/2013 01/04/2012
To To
30/09/2013 30/09/2012
Revenue – –

Cost of sales – –

Gross Profit – –

Administrative expenses (21,083) (26,233)

Loss before tax (21,083) (26,233)

Taxation – –

Loss for the period (21,083) (26,233)

Basic and diluted loss per share (note 1) (0.02475) (0.0308)


30/09/2013 30/09/2012

Current Assets

Trade and other receivables – 194,723

Prepayments 5,400 3,344

Bank and cash 116,173 459
121,573 198,526

Current Liabilities

Trade and other payables (21,600) (24,630)

Net Current Assets 99,973 173,896

Convertible Loan 205,000 250,000

Net Liabilities (105,027) (76,104)


Issued share capital 221,536 217,036

Share premium 488,991 448,491

Reserve acquisition 1,219,167 1,219,167

Profit and loss (2,034,721) (1,960,798)
(105,027) (76,104)

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 2013.

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.

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.

6. This statement was approved by the Board of Directors. Copies of this statement will be available free of charge from the Company’s Registered Office at 2nd Floor, Cambridge House, Cambridge Road, Harlow Mill, Essex, CM20 2EQ.

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



Etaireia Investments Plc
Tel: 078 3018 2501
Greg Collier

Peterhouse Corporate Finance Limited
Tel: 020 7469 0932
Eran Zucker

Etaireia Investments Plc

(END) Dow Jones Newswires

December 17, 2013 09:02 ET (14:02 GMT)

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