05 Oct 2013 13:41:26
Hi ed; here is the bit I meant to quote I hope this clears this up.

There are other items within the accounts that merit a mention. £5. 7M of costs have been written off against the Share Premium account (note 23) with the narrative 'Costs incurred in relation to fundraising' but it is unclear how this significant figure has been incurred.

A fair amount you will agree, this amount has been written off! Can anybody explain! As I am confused

RR

1.) 05 Oct 2013
@op me personal I think that 5.7m was used to pay back the money for the assets

2.) 08 Oct 2013
This is a very good point.
The IPO prospectus estimated the flotation costs at £2.5m
The audited accounts have it at £5.7m.
No explanation of where the missing £3.2m went. Such a discrepancy might warrant an explanatory note.
Any shareholder fan going to the AGM should ask that as a question from the floor.

3.) 09 Oct 2013
Many questions to be asked -1. why such a high figure and how does it compare with simiolar public offerings, 2. who received the 5.7million and do they have any connections to Green, Stcokridge and co?