APQ Global Limited Book Value Report (0145O)
27 January 2023 - 6:00PM
UK Regulatory
TIDMAPQ
RNS Number : 0145O
APQ Global Limited
27 January 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
30th December 2022, the unaudited book value per Ordinary Share was
8.77 US Dollar cents*, equivalent to 7.29 Pounds Sterling
pence.
The change in book value reflects the effect of a year-end
currency revaluation of the private investments and a decline of
the value in the equity portfolio.
- 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.
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 30th December 2022, 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.
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