AGM Statement

RNS Number : 7880Q

Scholium Group PLC

04 September 2014

 



Scholium Group plc

(together with its subsidiaries, the "Group")

AGM Statement

At the AGM this morning, the Chairman, Jasper Allen, will make the following statement:

 "Since admission to trading on 28 March 2014, we have been applying the new capital raised to increasing the Group's stock and trade.  It has taken time and effort to judiciously build the stock, and the Group is now in a strong position for the second half of the year with high quality inventory. 

"At 31 July 2014, the aggregate inventories of the Group were approximately £6.45 million (31 March 2014: £4.67 million) which provides a healthy position going into the second half of the year, traditionally our busier half.  

"Interest in Shapero Rare Books remains strong with a number of material deals expected to complete in September.  It will also be exhibiting at a number of important international fairs before the end of the financial year including New York, Hong Kong and The European Fine Art Fair in March. 

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

Scholium Group plc Philip Blackwell, Chief Executive Officer Simon Southwood, Chief Financial Officer	[phone]
WH Ireland Ltd - Nominated Adviser Chris Fielding / Nick Field	[phone]
Whitman Howard Ltd - Broker Ranald McGregor-Smith / Niall Devins	[phone]

Notes to Editors

Scholium Group plc is the holding company for a group of companies involved in the retail and trade of rare books, works on paper and fine art.

Shapero Rare Books

Shapero Rare Books was founded in 1979, is a dealer in rare and antiquarian books and works on paper. This includes maps of historic importance, vintage photographs and decorative and artistic prints. Mr Shapero is a well-known and established international dealer in rare books and maps. He developed his expertise from an initial focus on travel and illustrated books into a broad spectrum of rare and collectible works.

The management of Shapero Rare Books has experience in acquiring large consignments of rare and historically important antiquarian books for sale to an international client base. The business has operated since 1996 from its current leasehold premises in St George Street, Mayfair, London.

Scholium Trading

Scholium Trading acquires and trades in the wider market for rare and collectible goods alongside other specialist dealers.

South Kensington Books and Ultimate Library

South Kensington Books is the current trading name of a bookshop that has been operating from leasehold premises in Thurloe Street, South Kensington, London for several decades and which specialises in books valued at up to £150 in visual arts, architecture and photography.

Ultimate Library, which operates from the same premises, creates bespoke libraries on behalf of luxury hotels and resorts, and high-end personal residences around the world

 

END

 

 

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