The Board of Kennedy Ventures plc announced that Colin Weinberg has been appointed as a Director of the company with immediate effect. Mr. Weinberg was a qualified stockbroker from 1980 to 2006. Subsequently, he worked for a major industrial and resources Group in Ukraine, acting as advisor on mergers and acquisitions and transactions financing. He was previously a non-executive director of a United Kingdom Building Society, and is now a director of Associated British Engineering plc.

Kennedy Ventures plc reported unaudited consolidated earnings results for the six months ended December 31, 2012. Operating loss before amortization of intangible assets and increase in share based payment reserve was £102,000, operating loss, loss before tax and loss from continuing operations was £102,000 or 0.37 pence per diluted share. Loss was £75,000 against restated loss of £1,378,000 last year. Diluted earnings per share from discontinued operations were 0.10 pence against restated diluted loss per share from discontinued operations of 66 pence last year. Net cash used in operating activities was £225,000 against £1,775,000 last year.

Kennedy Ventures plc reported consolidated earnings results for the first quarter ended June 30, 2012. For the period, the company reported loss for the period from discontinued operations was £9,628,000 or 1.77 pence per share and loss for the financial period of £9,628,000.