MRL Marlowe Plc

    RNS Number : 0255V
  Shellshock Limited
  22 May 2008
   

    Shellshock Limited announces results for the period ended 31 March 2008

    Belize City, Belize, 22 May 2008 - Shellshock Limited (London-AIM: SHOK) ("Shellshock" or the "Company") reported net profit of *39,000
for the period 1 March 2006 (date of incorporation) to 31 March 2008, its first reported year-end since becoming listed on AIM in October
2007. Basic and diluted earnings per ordinary share for the period ended 31 March 2008 amounted to 0.65 pence.
    Before 13 September 2007 the Company was inactive. On 13 September 2007, the Company issued 5,999,999 ordinary shares to its then parent
company for a total consideration of *3.0 million. These funds were immediately invested in a UK sterling term deposit earning interest at
market rates. 
    Further details are set out in the Company's AIM Admission document dated 4 October 2007. 
    The Company continues its search for investment opportunities in line with its stated strategy which includes possible investment in
either one or more quoted or unquoted businesses that may have been set up by entrepreneurs with good strategic plans and need financial
backing and the support of the experienced Shellshock management team.

    For further information contact:

    Shellshock Limited                
    Belize +501 223 5989                
    UK +44 (0)20 7248 6700

    Note: This and other press releases are available at the Company's web site: http://www.shellshocklimited.com. 



 Shellshock Limited
 Summarised income statement (unaudited) for the period            *000
 1 March 2006 to 31 March 2008
 Interest income                                                    66 
 Administrative expenses                                           (27)

 Net profit before and after taxation                               39 
 Earnings per ordinary share (basic and diluted) (in pence)       0.65 

 Summarised balance sheet (unaudited) at 31 March 2008             *000
 Current assets
 Cash and cash equivalents                                        3,055
 Other receivables                                                   19
 Total assets                                                     3,074
 Current liabilities
 Other payables                                                   (35) 
 Net assets                                                      3,039 

 Shareholders' equity
 Share capital                                                   3,000 
 Retained earnings                                                  39 
 Total shareholders' equity                                      3,039 

 Summarised statement of cash flows (unaudited) for the period     *000
 1 March 2006 to 31 March 2008
 Operating activities
 Net cash generated from operating activities                       55 
 Financing activities
 Proceeds from issue of ordinary share capital                   3,000 
                                                                    
 Increase in cash for the period and at period end               3,055 


    Notes to the unaudited financial information
    Shellshock was incorporated on 1 March 2006 with an authorised share capital of £25.0 million, comprising 50,000,000 ordinary shares of
50 pence each. On incorporation, one ordinary share was issued and allotted for cash. On 13 September 2007 the Company issued a further
5,999,999 ordinary shares for cash of *3,000,000.

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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