Clerkenwell Ventures PLC ("Clerkenwell Ventures" or "the Company") announces its preliminary results for the year ended 30 September 2008.
Highlights:
•Net cash as at 30 September 2008 of £29.9 million (2007: £29.2 million)
•Profit before taxation for the year ended 30 September 2008 of £737,000 (2007: loss of £78,000)
•Net cash today of £30.3 million
David Page, Chairman, commented:
"In response to dramatically altered market conditions, the Board has decided to explore in detail the process for returning capital to shareholders and is investigating the most efficient method for achieving this. Further details of this process will be announced when appropriate."