APQ Apq Global Limited

TIDMAPQ

RNS Number : 3517X

APQ Global Limited

19 December 2023

APQ Global Limited

("APQ Global" or the "Company")

Book value report

APQ Global is a company incorporated in Guernsey (company registration number 62008) which is listed on The International Stock Exchange and admitted to trading on AIM.

The Company hereby announces that as at the close of business on 30(th) November 2023, the unaudited book value per Ordinary Share was 06.93 US Dollar cents, equivalent to 05.48 Pounds Sterling pence.

- End -

Enquiries:

ir@apqglobal.com

IMPORTANT INFORMATION

Important Notice:

*The term 'book value' herein includes the assets of APQ Global and its subsidiaries net of any liabilities. The figure in this announcement is an estimate and is based on unaudited estimated valuations in accordance with the Company's valuation policy as stated in the Company's AIM Admission Document. The Group has measured its private investments in accordance with IFRS 9 Financial Instruments. In September 2017, APQ Global Ltd issued 4,018 units of GBP5,000 nominal 3.5 per cent convertible unsecured loan stock 2024 ("CULS") to raise GBP20.09 million. In January 2018, APQ Global Ltd issued a further 1,982 CULS units at a price of GBP5,150 per GBP5,000 nominal to raise GBP10.21 million. Under IFRS, the CULS is a financial instrument and has been accounted for under IAS 32 Financial Instruments: Presentation and IFRS 9 (as effective for periods beginning on or after 1st January 2018). Therefore, the fair value of the CULS liability component has been calculated, with the difference between this and the fair value of the compound financial instrument as a whole being taken to equity. Following completion of the buy back and cancellation of CULS in April 2023, there are currently 5,920 units of CULS outstanding. Additionally, on January 28th, 2020, the Group issued 1,000,000 Warrants and 268,000 Convertible Preference Shares (CPS). In October 2021, the Group entered into an agreement to repurchase the entire amount of CPS and cancel all of the warrants outstanding. Under IFRS, the Warrants and the CPS were also Financial Instruments and were accounted for per the above guidance. This figure also includes the amounts awarded in accordance with the Company's Share-Based compensation scheme as adopted by the board on 19th April 2017 and accounted for in accordance with IFRS 2. Shares awarded under the scheme vest quarterly across 5 years. As of 30(th) November 2023, the total shares issued under the scheme amounted to 504,983.

Estimated results, performance or achievements may differ materially from any actual results, performance or achievements. No person has authority to give any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this release, and all liability therefore is expressly disclaimed. Accordingly, none of the Company, the Corporate Services Provider or any of its/their respective members, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any loss, howsoever arising, from the use of this release. Except as required by applicable law, the Company expressly disclaims any obligations to update or revise the above estimates to reflect any change in expectations, new information, subsequent events or otherwise.

Notes to Editors

APQ Global Limited

APQ Global (ticker: APQ LN) is an investment company incorporated in Guernsey. The Company focuses its investment activities globally (in Asia, Latin America, Eastern Europe, the Middle East, Africa and the Channel Islands, particularly).

The objective of the Company is to steadily grow its earnings to seek to deliver attractive returns and capital growth through a combination of building growing businesses as well as earning revenue from income generating operating activities in capital markets [1] . APQ Global run a well-diversified and liquid portfolio, take strategic stakes in selected businesses and plan to take operational control of companies through the acquisition of minority and majority stakes in companies with a focus on emerging markets.

(1) Where we refer to revenue from income generating operating activities this relates to the revenue of our investee companies.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCZKLFFXLLEFBV

(END) Dow Jones Newswires

December 19, 2023 12:00 ET (17:00 GMT)

Apq Global (LSE:APQ)
Historical Stock Chart
From Nov 2024 to Dec 2024

Apq Global (LSE:APQ)
Historical Stock Chart
From Dec 2023 to Dec 2024