On-Line PLC Share price movement (8685U)
27 Outubro 2017 - 11:12AM
UK Regulatory
TIDMONL
RNS Number : 8685U
On-Line PLC
27 October 2017
For immediate release
27 October 2017
ON-LINE PLC
("On-line" or the "Company")
Share price movement
The Board of On-line PLC (AIM: ONL), notes the significant share
price movement today.
As announced yesterday, the Company has worked as an incubator
and investor in internet and information businesses and the Company
has been investigating the development of potential applications
and customer markets. In particular, the Company has focused on
information technology where On-line's links with ADVFN provide an
opportunity to develop a Blockchain-based product to support
financial website users' ratings of information contributors using
token-based applications.
Shareholders should note that the while the Company has
identified an initial product, the Company's development of a
Block-chain product is still at an early stage of investigation and
development, and its current plans envisage that the first
application will only be tested early in 2018. The Company expects
to announce its results for the year ended 30 June 2017 in November
2017. In the interim results for the six months ended 31 December
2016, the Company announced profit before tax of 12,000 and net
borrowings of GBP49,000. The Company has a 17.98% per cent.
interest in ADVFN plc, which based on the closing mid-market price
of 39.5p per ADVFN share on 26 October 2017, is valued at GBP1.82
million. ADFVN reported a profit before tax of GBP214,000 for the
year ended 30 June 2017.
The Company will make further announcements in due course to
provide updates as appropriate on its progress in this sector.
More information on On-line can be found at:
www.on-line.co.uk
For further information please contact:
ON-LINE PLC
Clem Chambers, Director clemc@advfn.com
Beaumont Cornish Limited (Nominated
Adviser)
www.beaumontcornish.com
+44 (0) 207
Michael Cornish 628 3396
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
SPMUBRORBWARUAA
(END) Dow Jones Newswires
October 27, 2017 09:12 ET (13:12 GMT)
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