TIDMMOGP
RNS Number : 9589Y
Mountfield Group plc
15 September 2020
15 September 2020
Mountfield Group Plc ("Group")
and its subsidiary Connaught Access Flooring Limited ("CAF") and
Mountfield Building Group Limited ("MBG")
Final Results for the Year Ended 31 December 2019
The Directors of Mountfield Group Plc announce its Final Results
for the year ended 31 December 2019 ("Final Results").
The Group also announces that its Annual General Meeting will be
held at 11 a.m. on 7 October 2020 at the offices of DAC Beachcroft
LLP at 25 Walbrook, London EC4N 8AF.
In accordance with Government legislation and related
restrictions in response to COVID-19, and to minimise public health
risks, the 2020 Annual General Meeting is to be held as a closed
meeting and members and their proxies will not be able to attend
the meeting in person.
Updates in relation to the 2020 Annual General Meeting will be
provided on Group's website and, where appropriate, announced via a
Regulatory Information Service.
The Annual Report and Accounts for the year ended 31 December
2019, together with the Notice of Annual General Meeting will
shortly be posted to shareholders and uploaded to the Group's
website on: www.mountfieldgroupplc.com .
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Mountfield Group plc 01268 561 516
Peter Jay, Chairman
Andy Collins, Chief Executive
Officer
Cairn Financial Advisers LLP 020 7213 0880
Jo Turner / Sandy Jamieson
CHAIRMAN'S REPORT
The Board of Mountfield Group Plc ("the Group") presents its
report on the accounts for the year ended 31 December 2019.
Key Features
-- Profit before tax decreases to GBP840,740 (2018: GBP1,109,332).
-- Turnover : GBP21.0m (2018: GBP16.2m)
-- Operating profit : GBP850,851 (2018: GBP1,129,173)
-- Earnings per share : 0.262p (2018: 0.268p)
-- Net cash position : GBP802,885 (2018: GBP677,747)
-- Gross Margin : 10.4% (2018: 15.5%)
-- Operating Margin : 4.1% (2018: 7.0%)
Financial Performance
This was a disappointing year for the Group because despite
producing its highest annual turnover since its listing in 2008, it
also recorded lower profits than in the previous year.
The fall in profits arose in part from a reduction in margin on
some of the larger contracts (something that the Board had
anticipated) but was primarily caused by the substantial loss that
was incurred on a contract that was completed in 2020. An amount of
GBP291,568 is included in the accounts for the year to 31 December
2019 in accordance with the provisions of IAS37 Provisions,
Contingent Assets and Contingent Liabilities. Without this onerous
contract the profits would have been similar to those achieved in
the previous year.
Overheads continue to be tightly controlled and the additional
turnover was achieved without these being increased. However, the
Board does not feel that last year's level of turnover could be
achieved again without the resources of the Group being
substantially increased, particularly in terms of management
resources.
The year resulted in a further improvement of the working
capital position of the Group which places it in a satisfactory
position for the current year.
The Group's current secured order book is GBP9.3m, most of which
will be completed in 2020. This figure is materially lower than it
was at the time that the 2018 Accounts were released (GBP16.4m).
The Board does not expect that a substantial amount of new turnover
will be won and delivered by this year end and that the result will
be a significant drop in the Group's performance for 2020 as
compared to that in 2019.
Based on the projections produced by the Board, Mountfield Group
plc has had to write down its investment in MBG as it was impaired.
However, this has had no impact on the accounts for the Group.
About the Group
The Mountfield group was formed in October 2008 following
Group's acquisition of the shares of MBG and CAF. This was followed
by the admission of Group's shares onto AIM in the same month.
The two subsidiaries both supply specialist construction
services:
Connaught Access Flooring Limited ("CAF") is a top tier
commercial flooring supplier and installer with considerable
expertise and experience in the installation of the raised access
flooring systems that are employed in data centres and also in the
dealing floors of banks and other financial institutions. It also
contracts to supply and install other commercial flooring
systems.
In recent years CAF has successfully supplied and installed
flooring for major banking and finance clients on some of the
largest single-building developments undertaken in Central London.
In addition, it has won contracts to supply and install flooring
systems in data centres in the UK and Mainland Europe.
Mountfield Building Group Limited ("MBG)" is a recognised
supplier of construction services to the telecoms and data centre
sectors. A substantial proportion of its turnover is derived from
providing construction services to data centre developers and
operators. One of its largest clients, a world leading telecom
company, regularly retains it to undertake construction work on its
substantial property estate.
The Companies
Connaught Access Flooring
CAF's turnover in the year to 31 December 2019 was GBP7.9m (2018
- GBP8.2m) and its underlying profit before tax (after excluding
inter company management charges) was GBP694,378 (2018 -
GBP613,512). Whilst there was a small reduction in turnover based
on the contracts undertaken in the year the net profit improved
primarily due to a better than anticipated margin on a contract
completed during the year. CAF's performance during the year took
the form of a series of major contracts but also a significant
number of contracts with a value of less than GBP100k. The latter
again highlighted the importance of CAF's strategy of concentrating
on building up its order book with contract of a lower value of
GBP100k to provide a continuing revenue stream during the periods
when it is not fully engaged on larger contracts.
Mountfield Building Group
MBG's turnover in the year to 31 December 2019 was GBP13.2m
(2018 - GBP8.0m) and its underlying profit before tax was
GBP417,318 (2018 - GBP283,015 after excluding the waiver of a debt
from its subsidiary). A year that should have shown a substantial
increase in net profits produced only a modest increase because of
a loss on a single contract. Although the circumstances that came
together to cause this loss are unlikely to re-occur the Company
will in future concentrate on undertaking contracts that contain
less onerous terms and conditions even though this is likely to
lead to reduced levels of turnover.
Outlook for the Group
The Board believes that as regards future prospects, the changes
resulting from the COVID-19 epidemic are of a fundamental nature
and that these changes are likely to have a long term and
materially negative impact on the markets in which the Group
Companies operate.
The sharp recession that resulted from the steps taken to limit
the spread of the virus has impacted the construction business
generally, having had a significant, negative effect on the demand
for construction services and in activity levels in the industry
generally. The Group has also suffered because both Group Companies
offer specialist services to small segments of their respective
markets.
Whilst the current drop in the UK's GDP is expected to be
reversible in the medium to long term the changes in working
practices caused by the virus are likely to result in major changes
in the overall demand for construction services and particularly
for those services provided by the Group Companies. The increasing
extent to which companies will rely upon home-based workers has and
will continue to reduce demand for city centre located office space
and in turn, for the flooring of large new or refurbished office
premises within the City or in neighbouring areas.
In the light of the above, the Group Companies will take a
cautious approach to securing their current and mid-term turnover
targets and will concentrate on servicing the requirements of core
clients on contracts which are neither onerous nor carry a
significant risk element. The Board acknowledges that this policy
will impact of turnover and net profit but believe that it is
necessary and appropriate in order to protect the Group and the
interests of shareholders in a period of unprecedented levels of
uncertainty and risk.
The Board is continuing to monitor the changing market
conditions and seek new contracts in the areas of construction that
are relevant to the Group Companies.
Peter Jay
Non-Executive Chairman
CEO'S REPORT
The Group Board currently comprises:
Peter Jay - Non-Executive Chairman - in addition to being Group
Chairman Peter also manages the Group's relationships with its
nomad, brokers and professional advisers. Peter was formerly a
corporate lawyer and a partner in DAC Beachcroft LLP.
Andrew Collins - Group Chief Executive - Andy is responsible for
managing the business of the Group and also that of its subsidiary,
CAF, a specialist supplier and installer of flooring for commercial
properties whose business and reputation he has developed
significantly since appointment in 2004. Before joining the Group,
Andy was a Divisional Financial Director at ISG Plc.
Graham Read - Managing Director of MBG - Graham founded the
business of MBG in 1986 and has had over 40 years' experience in
the construction industry.
The Board is supported by Andy May, a partner in the firm of
Barnes Roffe LLP. Andy attends meetings of the Group's Board in an
advisory-only capacity and also assists the Board in overseeing the
Group's accounting and finance functions in an advisory-only
capacity.
The Board is also supported by Chris Adlam, a director of JDC
Corporate Finance. Chris attends meetings of the Group's Board in
an advisory-only capacity to provide advice on business finance and
aspects of corporate finance.
Group Companies
The Group is comprised of two principal trading companies,
Connaught Access Flooring Limited and Mountfield Building Group
Limited.
CAF is one of the leading suppliers and installers of raised
access flooring systems to main contractors and corporate end users
for office and data centre installations.
It has established itself as one of the few recognised
specialists for the flooring elements of fitting out contracts in
new and refurbished commercial office space and for the Data Centre
market. These projects are undertaken both direct with the end user
and for leading Construction companies.
MBG comprises the construction division of the Group and in
addition to its extensive experience of upgrading and refurbishing
data centres it also undertakes specialist fit-out works for end
user clients.
MBG continues to undertake building fabric repair and
maintenance works on a nationwide basis for a large proportion of
the property portfolio of a leading telecoms operator.
COVID-19 update and the construction market
CAF was relatively unaffected by the COVID-19 lockdown with the
majority of its sites remaining open throughout and whilst MBG was
affected by the closure of sites these are now all back up and
running. Both companies have had to adapt to new working practices
to deal with the risk of COVID-19.
The Group continues to experience good levels of activity in
terms of enquiries and tenders however there are uncertainties in
the construction market caused by the COVID-19 pandemic which is
causing uncertainty regarding if and when secured projects or those
that are being tendered for will commence.
There are also concerns about the longer-term effect on the
economy and in particular the commercial office sector in which CAF
operates.
Finance
The Group is financed from the cash it generates from its
operations, with the support of a bank overdraft facility of
GBP250,000 at a group level and GBP700,000 at an individual company
level; the group also had a term loan however this was repaid
during the year. Post year end the group also entered a supplier
financing facility of up to GBP500,000.
Group's strategy
The Board strategy has been for the Group to become a highly
profitable, mid-sized operation that provides specialist
construction and flooring services in a number of diverse but
related areas but with a particular focus on the fit-out sector.
The Group's reputation has been built on its ability to undertake
and to manage specialist construction services to a high level of
quality and to deliver the completed project to the client on
time.
This core strategy will remain in place but due to the
diminished demand for construction services and the uncertainty
affecting future activity levels the Board has decided that the
Group will, for the foreseeable future, take a more cautious
approach to the quality of new clients that it takes on and will
instead give priority to servicing the requirements of its existing
client base. For the foreseeable future the Group will not look to
expand into new markets or areas of construction
Section 172(1) statement
The Board has a legal responsibility under section 172 of the
Companies Act 2006 to act in the way we consider, in good faith,
would be most likely to promote the company's success for the
benefit of its members as a whole and to have regard to:
-- the likely consequences of any decision in the long term,
-- the interests of the company's employees,
-- the need to foster the company's business relationships with suppliers, customers
and others,
-- the impact of the company's operations on the community and the environment,
-- the desirability of the company maintaining a reputation for high standards of
business conduct, and
-- the need to act fairly as between members of the company.
Information on how the directors have regard to the requirements
of section 172(1) can be found throughout the Strategic Report and
as more specifically detailed below.
As disclosed in the Directors' report the Group complies the QCA
Corporate Governance Code and based on its principals they develop
and adapt the Group's strategy with the aim of promoting long-term
value to shareholders.
As stated above this statement, post year end the strategy of
the Group has been adapted to reflect uncertainties in the
construction sector and wider economy primarily due to the COVID-19
pandemic. The strategy will be reviewed regularly by the board to
ensure that it is appropriate to the Group and in the best
interests of the key stakeholders.
The Board keeps the Company's shareholders updated about
contract wins and developments relating to the Company through RNS
announcements. It also issues trading statements to keep
shareholders updated on the Company's performance and prospects
In addition to its shareholders the key stakeholders include
employees, customers, suppliers and local communities in which our
businesses reside.
Being only a medium sized business in a sector that is dominated
by large organisations the Group can only thrive by keeping
particularly close links with its relatively small number of
employees, clients and suppliers. Regular communication with these
additional stakeholders, both formal and informal, provides the
divisional directors with the input they require on a daily basis
and allows them to respond to the feedback in similar manner.
Engagement with the Group's customers, suppliers and employees is
further considered below in the principal risks section of the
report.
Principal risks
The principal risks and uncertainties facing the Group relate
to:
COVID-19
COVID-19 brings with it many risks to the Group's business in
terms of working practices and impact on the economy.
The Group has worked with its employees, suppliers and customers
to introduce COVID-19 safe working practices on site and its
offices.
Economic downturn and other macroeconomic factors
The Group's success is substantially dependent on the general
level of economic activity and economic conditions in the United
Kingdom.
Many of the Group's contracts, including renewals or extensions
of previous contracts, are awarded through competitive bidding
processes. Any downturn in the economy, or any other macroeconomic
factor, either in the UK or globally, may reduce the number of
contracts coming up for bidding.
The competitive bidding processes present a number of additional
risks, including the incurrence of substantial cost and managerial
time to prepare bids and proposals for contracts that the Group may
not ultimately win. The Group may face additional competition in
the bidding process either from existing competitors or new market
entrants.
The Group is seeking to mitigate the risk by controlling costs
carefully and working in its core areas with its core
customers.
Reliance on key customers and clients
The business of the Group is dependent upon the continuing
contracts that it has, and relationships that it has developed,
with certain customers.
Whilst signed contracts are in place with key customers, the
successful completion and timing of contracted projects are not
guaranteed and are susceptible to external factors outside of the
control of the Group. Similarly, contracted projects may in some
circumstances be susceptible to delays or variation by customers or
be affected by unforeseen changes in circumstances relating to the
market, technology, legislation, economic or other business
factors. This may affect the cash flow and subsequent performance
of the Group.
The Group works with a well-established client base and the
performance of individual projects is monitored on at least a
monthly basis by board members to identify any issues with specific
projects.
Reliance on subcontractors
The Group utilises subcontractors on a project-by-project basis
to meet contractual obligations. Such projects will rely on the
subcontractors performing their duties and obligations, not only in
terms of timely delivery but also in terms of their performance
obligations. Any such non-performance may result in time and cost
over-runs on the Group's projects and reduce the value of its
returns.
Subcontractors are vetted by senior management and are normally
engaged to work on closely defined and managed aspects of
individual contracts. Most subcontractors have a long-standing
trading history with the Group.
Attraction and retention of key employees
The Group's future success is substantially dependent on the
continued services and performance of its Directors, senior
management and other key personnel and its ability to continue to
attract and retain highly skilled and qualified personnel. The
Group Companies have, therefore, suffered because the reduced
activity levels and uncertainty in the economy is likely to lead to
a reduction in the size of the Group's management resources once
the Government's support scheme comes to an end.
The senior executive directors of the business all have
significant shareholdings in the parent company and are all
permanent employees.
Health and safety
The Group undertakes Construction activities, often working
within difficult conditions and with heavy machinery which if
improperly used could result in personal injury or in extreme
cases, fatalities.
The Group takes the health and safety of its employees and
clients very seriously and employs Health and Safety advisers on
all significant contracts. It also has a firm of Health and Safety
Advisers with whom it consults on a regular basis.
Key performance indicators
The Directors use a number of performance indicators which are
used to manage the business but, as with most businesses the focus
in the Statement of Comprehensive Income at the top level is on
sales, margins, and profit before tax. In the Statement of
Financial Position the focus is on managing working capital. The
key performance indicators are disclosed in the Strategic
Report.
Financial instruments
Details of the Group's financial risk management objectives and
policies are included in note 21 to the financial statements.
Andrew Collins
Chief Executive Officer
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEARED 31 DECEMBER 2019
2019 2018
GBP GBP
Revenue 20,989,052 16,220,768
Cost of sales (18,802,737) (13,713,296)
------------- -------------
Gross profit 2,186,315 2,507,472
Administrative expenses (1,335,464) (1,378,299)
------------- -------------
Operating profit 850,851 1,129,173
Net finance costs (10,111) (19,841)
------------- -------------
Profit before income tax 840,740 1,109,332
Income tax expense (174,727) (426,758)
Profit for the year and total comprehensive income 666,013 682,574
Earnings per share
Basic earnings per share 0.262p 0.268p
Diluted earnings per share 0.262p 0.268p
======= =======
There are no recognised gains and losses other than those
passing through the Statement of Comprehensive Income.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2019
2019 2018
GBP GBP
ASSETS
Non-current assets
Intangible assets 6,874,308 6,874,308
Property, plant and equipment 101,601 102,655
Right-of-use assets 18,083 -
Deferred income tax assets - -
------------ ------------
6,993,992 6,976,963
------------ ------------
Current assets
Inventories 147,033 115,302
Trade and other receivables 3,543,322 2,411,068
Cash and cash equivalents 802,885 677,747
------------ ------------
4,493,240 3,204,117
------------ ------------
TOTAL ASSETS 11,487,232 10,181,080
============ ============
EQUITY AND LIABILITIES
Issued share capital 2,524,426 2,524,426
Share premium 1,490,682 1,490,682
Capital redemption reserve 7,500 7,500
Merger reserve 4,051,967 4,051,967
Reverse acquisition reserve (2,856,756) (2,856,756)
Retained earnings 1,483,645 817,632
------------ ------------
TOTAL EQUITY 6,701,464 6,035,451
------------ ------------
Current liabilities
Trade and other payables 4,199,058 3,305,728
Short-term borrowings 297,199 549,113
Lease liabilities 18,083 -
Corporation tax liability 181,428 229,782
4,695,768 4,084,623
Non-current liabilities
Loan notes 90,000 61,006
Bank loan - -
4,785,768 4,145,629
------------ ------------
TOTAL EQUITY AND LIABILITIES 11,487,232 10,181,080
============ ============
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEARED 31 DECEMBER 2019
2019 2018
GBP GBP
Cash flows from operating activities
Operating profit 850,851 1,129,173
Adjusted for:
Depreciation 44,611 12,556
Profit on Disposal - (4,400)
(Increase) in inventories (31,731) (27,001)
(Increase)/Decrease trade and
other receivables (1,132,254) 1,240,449
Increase/(Decrease) in trade and
other payables 777,976 (1,374,996)
------------ ------------
Cash generated in operations 509,453 975,781
Finance costs (10,111) (19,841)
Taxation paid (223,088) (121,696)
------------ ------------
Net cash inflow from operating
activities 276,254 834,244
------------ ------------
Cash flows from investing activities
Purchases of property, plant and
equipment (12,557) (34,777)
Proceeds from sale of property,
plant and equipment - 4,400
------------ ------------
Net cash (used in)/generated from
investing activities (12,557) (30,377)
------------ ------------
Cash flows from financing activities
Lease payments (31,000) -
Repayment of non-convertible loan
notes (36,001) (138,994)
Movement on supplier invoicing
facility - (387,795)
Repayment of short-term loans (71,558) (119,632)
Net cash flows (used in)/generated
from financing activities (138,559) (646,421)
------------ ------------
Net cash increase in cash and
cash equivalents 125,138 157,446
Cash and cash equivalents brought
forward 677,747 520,301
------------ ------------
Cash and cash equivalents carried
forward 802,885 677,747
============ ============
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEARED 31 DECEMBER 2019
Capital Reverse
Share Share redemption Merger acquisition Retained
capital premium reserve reserve reserve earnings Total
GBP GBP GBP GBP GBP GBP GBP
At 1 January
2018 2,524,426 1,490,682 7,500 4,051,967 (2,856,756) 135,058 5,352,877
Total
comprehensive
income for
the year - - - - - 682,574 682,574
Conversion
of loan notes - - - - - - -
At 31 December
2018 2,524,426 1,490,682 7,500 4,051,967 (2,856,756) 817,632 6,035,451
========== ========== ============ ========== ============= ========== ==========
Total
comprehensive
income for
the year - - - - - 666,013 666,013
At 31 December
2019 2,524,426 1,490,682 7,500 4,051,967 (2,856,756) 1,483,645 6,701,464
========== ========== ============ ========== ============= ========== ==========
Merger Reserve
The merger reserve exists as a result of the acquisitions of
Mountfield Building Group Limited, MBG Construction Limited,
Connaught Access Flooring Holdings Limited and Mountfield Land
Limited where the consideration included the issue of new shares by
the Company, thereby attracting merger relief under the Companies
Act 2006. The merger reserve represents the difference between the
nominal value of the share capital issued by the Company and the
fair value of those shares at the date of acquisition.
A transfer has been made from the merger reserve to retained
earnings to reflect amounts that have become realised through
impairment write downs in previous accounting periods.
Reverse Acquisition Reserve
The reverse acquisition reserve exists as a result of the method
of accounting for the acquisition of Mountfield Building Group
Limited and MBG Construction Ltd (note 1.5).
Share Capital
Share capital represents the nominal value of shares that have
been issued.
Share premium
Share premium represents the difference between the nominal
value of shares issued and the total consideration received.
Capital redemption reserve
Capital redemption reserve represents amounts transferred
following the purchase of own shares.
Retained earnings
Retained earnings represent cumulative profit or losses, net of
dividends and other adjustments
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
1 General information
Mountfield Group plc is a public company incorporated in England
and Wales. The registered number of the Company is 06374598. The
address of its registered office is 3C Sopwith Crescent, Wickford
Business Park, Wickford, Essex SS11 8YU.
Above is an extract from the Final Results for the year ended 31
December 2018. The Final Results, which will shortly be posted to
all shareholders and available on the Group's website, should be
read in full.
These financial statements have been prepared in accordance with
International Financial Reporting Standards as adopted by the
European Union (IFRSs), IFRIC Interpretations and with those parts
of the Companies Act 2006 applicable to companies reporting under
IFRS.
The adoption of these standards has not resulted in any changes
to the Group's accounting policies and has not affected amounts
reported in prior years. The financial statements have been
prepared under the historical cost basis.
2 Going Concern
The financial statements have been prepared on a going concern
basis. Based on the current working capital forecast, the Group is
unlikely to need additional funds within twelve months of the date
of approval of these financial statements in order to maintain its
proposed work levels or expenditure providing contracts progress as
planned, new contracts are secured, and the Group is able to
continue successfully managing its cash resources. In preparing
these forecasts the Group has taken the into account the effect
that COVID-19 may have on the business and the strategy that has
been adopted, as disclosed in the strategic report, to mitigate the
risks associated with this. After making enquiries and considering
the assumptions upon which the forecasts have been based, the
directors have a reasonable expectation that the Group has adequate
resources to continue in operational existence for the foreseeable
future.
Whilst there remain significant doubts over the impact that
COVID-19 will have on the business and the economy in general, the
board considers that Group is well placed to deal with any impact
due its size, its tightly controlled cost base and its close
relationship with a small number of key customers and
suppliers.
3 Earnings per share
The basic earnings per share is calculated by dividing the
earnings attributable to equity shareholders by the weighted
average number of shares in issue. The diluted earnings per share
is calculated by dividing the earnings attributable to equity
shareholders by the weighted average number of shares in issue plus
the number of warrants and share options. The share options are not
considered dilutive as the shares would be issued for greater than
the average market price of the ordinary shares in 2019 and
2018.
2019 2018
Basic earnings per share GBP GBP
Profit for the financial year 666,013 682,574
Weighted average number of shares 254,244,454 254,244,454
============ ============
2019 2018
Diluted earnings per share GBP GBP
Profit for the financial year 666,013 682,574
Number of shares 254,244,454 254,244,454
============ ============
4 Availability of Report and Accounts and Notice of Annual General Meeting
The Group will shortly post the Annual Report and Accounts for
the year ended 31 December 2019 and Notice of Annual General
Meeting to shareholders.
The Annual General Meeting will be held at the offices of DAC
Beachcroft LLP, 25 Walbrook, London EC4N 8AF on 7 October 2020 at
11 a.m. A copy of the Annual Report and Accounts for the year ended
31 December 2019 and Notice of Annual General Meeting will be
available to be downloaded from the Group's website at
www.mountfieldgroupplc.com . In accordance with Government
legislation and related restrictions in response to COVID-19, and
to minimise public health risks, the 2020 Annual General Meeting is
to be held as a closed meeting and members and their proxies will
not be able to attend the meeting in person.
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 or visit 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.
END
FR EAXNLFLNEEFA
(END) Dow Jones Newswires
September 15, 2020 02:00 ET (06:00 GMT)
U.k. Spac (LSE:SPC)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
U.k. Spac (LSE:SPC)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024