Approval of the Company’s Financial Statements for the financial period ended 31 December 2018
Date of Announcement: 8 April 2019
Reference No: 04/2019
Listing Rule: 5.16, 5.61, 5.16.24
During the meeting of the Board of Directors of Exalco Finance p.l.c. (the “Company”), held today the 8th April 2019, the Company’s audited financial statements for the financial period ended 31st December 2018 were approved.
The audited financial statements of the Company are attached herewith and are also available for viewing on the Company’s website at http://www.exalcogroup.com/investor-relations/.
Furthermore, it is hereby announced that: the audited financial statements of Exalco Properties Limited (C-11273, the guarantor of the €15,000,000 4% Secured Bonds 2028 issued by the Company in terms of a prospectus dated 31 July 2018) as at 31st December 2018 have been approved by its board on 8th April 2019 and have been made available for viewing on the webpage referred to above, in accordance with Listing Rule 5.61; and the audited consolidated financial statements of Exalco Holdings Limited (C—86836, the parent company of Exalco Finance p.l.c. and Exalco Properties Limited) as at 31st December 2018 have been approved by its board on 8th April 2019 and have been made available for viewing on the webpage referred to above, in accordance with the undertaking made in section 5.2 of the registration document forming part of the Prospectus dated 31 July 2018.
For the purposes of Listing Rule 5.16.24, the Board of Directors of the Company reports that during the period under review, the Company’s net profit was lower than that envisaged in the Financial Analysis Summary (FAS) published on 31st July 2018, however such shortfall is considered marginal taking into consideration the overall performance of the Exalco Group as highlighted in the abovementioned consolidated audited financial statements.
By order of the Board.
Dr. Malcolm Falzon