APQ Global
Limited
("APQ
Global" or the "Company")
Trading
Update
APQ Global Limited, a company
incorporated in Guernsey (company registration number 62008) which
is listed on The International Stock Exchange and admitted to
trading on AIM, today announces an update on trading for the period
ended 31 December 2023 and 2024 year to date.
Highlights
·
As announced on 22 March 2024, APQ's unaudited
book value per Ordinary Share as at 29 February 2024 was 30.20 US
Dollar cents (equivalent to 23.97 Pounds Sterling
pence).
·
This book value increase was substantially driven
by the strong trading performance in APQ's direct investment in
US-based capital raising and transaction advisory business Delphos
International. This resulted in a significant increase
in Delphos' independent third-party revaluation undertaken as part
of APQ's 2023 financial year end audit process currently underway,
from c.USD 6.3m at 31 December 2022 to c.USD 27.0m at 31 December
2023 (unaudited).
·
Delphos International's trading highlights
include:
o Revenues increased by 145% between 2022 and 2023 calendar
years
o The
business reached meaningful profitability for the first time in
2023
o Current trading in 2024 continues to be strong, and its
management team expects the business to exhibit further significant
year on year growth in revenue and profits, with an attractive
pipeline of transaction mandates under way
·
The unaudited third-party valuation of APQ's
investments in Parish Group and Delphos Canada also increased over
the period to 31 December 2023, and the Board believes the outlook
for these and APQ's other unlisted portfolio companies remains
favourable for the remainder of 2024.
- End -
For
further enquiries, please contact:
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APQ Global
Limited
Bart Turtelboom
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020 3478
9708
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Singer Capital Markets - Nominated
Adviser and Broker
James Maxwell
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020 7496
3000
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Suntera - TISE
sponsor
Claire Torode
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01481 737
277
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Investor Relations
IR@APQGlobal.com
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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 markets1. 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. For more information, please
visit apqglobal.com.
1 Where we refer to revenue from
income generating operating activities this relates to the revenue
of our investee companies.