Scholium Group PLC Trading Update (0698O)

TIDMSCHO

RNS Number : 0698O

Scholium Group PLC

08 June 2022

8 June 2022

Scholium Group plc

Trading update

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

The Directors of Scholium Group plc (the "Group") are pleased to provide an update on trading for the 12 months ended 31 March 2022.

Following on from the profitable interim period ended September 2021 the Group has continued to trade profitably for the six months ended 31(st) March 2022.

The Board has taken the decision to close the Mayfair Philatelics business. A provision for any residual costs and charges arising from its closure is expected to be charged to the year-ended 31 March 2022 as a discontinued business expense.

The Group remains well capitalised with over GBP9.3 million of stock and cash of GBP0.7 million at 31 March 2022.

The Directors expect to release the preliminary statement relating to the results for the year ended 31 March 2022 by the end of August 2022.

For further information please visit www.scholiumgroup.com or contact:

 
            Scholium Group plc 
             David Harland, Chairman 
             Bernard Shapero, Chief Executive 
             Director 
             Philip Tansey, Finance Director     +44 (0)20 7493 0876 
 WH Ireland Ltd - Nominated 
  Adviser 
  Chris Fielding 
  Megan Liddell                                  +44 (020) 7220 1666

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June 08, 2022 02:01 ET (06:01 GMT)

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