Unaudited Interim Results for the six months ended 31 March 2019

30 April 2019

Download
These results are available to
view and download in PDF format

Introduction and Key highlights

The board is pleased to announce the Company's unaudited results for the six month period ending 31 March 2019. The key highlights during the period were:

  • As at 31 March 2019 YOLO's net asset value equates to 6.81p per ordinary share versus a share price of 3.0p as at 29 April 2019.
  • On 5 February 2019 the Company successfully raised £300,000 before costs via a placing ("Placing") of 8,000,000 new ordinary shares of 0.01p each with new and existing investors at an issue price of 3.75p per share ("Placing Shares"). Under the Placing each investor received one warrant for every four Placing Shares exercisable at 5.00p per share at any time for a period of three years from the date of admission of the Placing Shares.
  • On 5 February 2019 the Company invested £100,000 in Sparkledun Ltd ("Sparkledun") to acquire 3.41% of its issued share capital. Sparkledun through its trading subsidiary, Fast to Fibre Limited, has rights to exploit and further develop a technology solution utilising a unique patented process for the extraction of the inner core of telecoms and power cables, allowing the insertion of fibre optic cable without the need for excavation or other disruptive techniques.

The announcement contains information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation.

 

For further details please see below

YOLO Leisure and Technology plc  
Simon Lee Robinson simon.robinson@yoloplc.com
   
Cairn Financial Advisers LLP  
Sandy Jamieson / Liam Murray Tel: +44 20 7213 0880
   
Peterhouse Corporate Finance Limited (Sole broker)  
Duncan Vasey / Lucy Williams Tel: + 44 20 7220 9797
   
Walbrook PR Ltd Tel: +44 20 7933 8787
or yolo@walbrookpr.com
Paul McManus
Sam Allen
+44 7980 541 893
+44 7884 664 686

 

<< Back to press releases