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REG - 4GLOBAL PLC - Interim Results

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RNS Number : 3701K  4GLOBAL PLC  21 December 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

21 December 2022

 

4GLOBAL PLC

 

("4GLOBAL", "Group" or the "Company")

 

Interim Results

 

4GLOBAL, a UK-based data, services and software company focused on major
sporting events and the promotion and measurement of physical activity, is
pleased to announce its unaudited interim results for the six-month period
ended 30 September 2022.

 

The six months to 30 September 2022 have been a period of investment and
growth through significant new business wins, laying the foundation for future
international growth and strengthening the management team and PLC systems and
processes.

 

As expected, Group revenue generation profile is significantly weighted to the
second half of the year, as it has been in previous years. As we enter the
final quarter of the financial year, management has confidence in meeting full
year market expectations.

 

Financial highlights for the period

 

 •    Revenue for the six months was £1.4m (2021: £1.3m) an increase of 10%.
 •    Adjusted loss £0.8m (2021 profit: £0.2m prior to Company being listed on AIM
      with significantly different cost base).
 •    Robust balance sheet with cash balances of £2.1m (2021: £1.4m).

 

Post period financial highlights

 

 •    Revenue at the end of November 2022 stands at £3m (unaudited).
 •    In addition to the £1.4m revenue in period, a further £3m has already been
      booked to date to be delivered in this FY, which consists of significantly
      higher margin contracts than in the first half.
 •    Sales pipeline of £30m of which £7.3m (£6.1m at proposal stage) would fall
      in the current financial year.

 

Key new business wins and partnerships - year to date:

 

 •    Total contracted work to be delivered this and subsequent years stands at
      £9.1m
 •    Multi-year agreement for an initial project amount of £4.0m in the Middle
      East with MACE
 •    Major sporting event in the Middle East with initial project amount of £200k
 •    Peru reconstruction programme contract extension for an initial amount of
      £360k
 •    Sport England moving communities increase scoped for a value of £100k
 •    UK Active project for a value of £90k
 •    England Netball insight modules and datahub for a value of £70k.
 •    Other technology contracts for value in excess of £500k
 •    Key partnerships agreements with:

      1. Jonas - a leading global data software company focused on the Leisure
      sector owned by Constellation Group PLC

      2. MACE - a leading global Construction company

      3. Al Jassra Group - an international conglomerate with revenues exceeding
      £1bn globally

      4. Fitness Industry Council of Canada ("FICC") and USA National Fitness
      Association ("IHRSA")

      5. TechnoGym - a global Fitness equipment and data company

      6. Les Mills - a leading activity provider

 

Operational highlights

 

 •    During the period, the Group has successfully laid the foundations through
      client and partner agreements to launch the DataHub product in the North
      American and European market in the first half of next year.
 •    The North American launch next year will be underpinned by:

      1. Partnership with Jonas, a current UK DataHub partner. Jonas (a
      Constellation PLC company) will provide access to activity data from 16,000
      gyms across the US/Canada and will act as a sales channel for revenue
      generation.

      2. Partnership with FICC and IHRSA - its equivalent in the USA. These
      organisations provide the Group with a pipeline of end user clients, access to
      physical activity data and market endorsement.
 •    The European Data hub launched in the first half of next year through a
      partnership with Europe Active, the trade body for gyms and activity
      facilities across key European markets. The Group is currently tracking over
      3,500 facilities and 11 million unique individuals from 14 European countries.
 •    The Company hired Kerstin Obenauer as Chief Customer Officer. Kerstin will
      lead and build sales capability for the Group. Kerstin brings with her a
      wealth of experience and credibility as well as an extensive network in the
      international sports data market.
 •    During this period, the Group has successfully worked with the England
      Football Association to deliver and maximise the benefits from the Women Euros
      tournament and it is currently providing significant operational support to
      another major football tournament in the Middle East.
 •    To underpin its future growth in new international markets, the Group has
      invested in Salesforce as group wide CRM system, providing a more granular
      visibility on the sales pipeline and margin management.
 •    Further investment has been made into the DataHub product to support the
      international expansion and the number of data integrations has grown from
      circa 50 at IPO to more than 75 to date.

 

Eloy Mazon, Chief Executive Officer of 4GLOBAL, commented:

 

"Recent trading has been strong which provides the management with confidence
of achieving revenue and profit growth. This year the Group has put in place
the key building blocks for accelerating growth within the business. It has a
current booked revenue of £4.4m (£1.4m delivered in H1 and £3m to be
delivered in H2) with some high margin contracts to be delivered in the second
six months of the financial year. In addition, the Company is actively
pursuing £30m of new opportunities some of which will fall into this
financial year.

 

"Our multimillion-dollar client wins with MACE in the Middle East,
Technogym, Al Jassra Group and key partnerships with leading sport/physical
activity data partners such as Jonas, IHRSA and FICC in North America provide
us with confidence and excitement about the continued international expansion
of the 4GLOBAL business."

 

For further information contact

 

 4GLOBAL plc                                        c/o IFC Advisory

 Eloy Mazon (CEO)

 Spark Advisory Partners - Nominated Adviser        0203 368 3554

 Neil Baldwin

 Oberon Capital - Broker                            0203 179 5300

 Michael Seabrook / Adam Pollock / Chris Crawford

 IFC Advisory                                       0203 934 6630

 Graham Herring / Zach Cohen

 

A copy of the interim accounts is available from the Company's website
www.4global.com.

 

Company registration number: 13523846

 

 

 

CHIEF EXECUTIVE'S STATEMENT

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

 

The six months to 30 September 2022 was a period of investment for the Group
as it delivered a 10% increase in revenue to £1.4m (30 September 2021:
£1.3m) and it has accelerated its investment in products and platforms which
is reflected in the Group's total contracted work to date of £8.9m - of which
£4.4m (£1.4m in H1 plus £3m) will be delivered this financial year -
together with a total opportunity pipeline of £30m.

 

The £3m of booked revenue, to be delivered in the second six months of the
financial year, consists of high margin contracts which will have a
significant impact on the EBITDA line. The Group has also won new
multi-million pound multi-year agreements, which enhances visibility over
future revenues.

 

As expected, Group revenue generation profile is weighted to the second half
of the year as it has been in previous periods. The Group invested
significantly in the first half of the financial year, in comparison to the
six months ended 30 September 2021, prior to its listing, as it transitioned
to being a public company whilst investing in business capabilities and key
talent to support its international expansion.

 

This investment, which is showing a return in the order book, pipeline and
international expansion, has meant the Group has produced an adjusted loss
from operations of £0.8m (30 September 2021 profit: £0.2m(1)), which
management anticipates recovering in the second half of the year.

 

(1) The cost figure for 30 September 2021 is prior to the company being listed
and therefore the cost base is significantly different.

 

Management remains focused on delivering the market expectations' growth for
the full year through investment in the core foundations of the DataHub
product, international expansion, and in upgrading business capabilities and
key talent. Key progress milestones have been met in each area.

 

The Group is developing strategic partnerships which provide a cost-effective
entrance into target markets for the full recurring data software and services
model that the Company currently operates in the UK. In addition to this, the
partnerships also provide a channel to clients as well as a vehicle to
accelerate data acquisition and the growth of the core asset; the DataHub. At
present, the Group is focus on three core markets: North America, Europe and
the Middle East.

 

During the period, 4GLOBAL has accelerated its planned expansion into North
America and laid the foundations through client and partner agreements to
launch its products and services in the market in the first half of next year.
The North American expansion is underpinned by three core partnerships:

 

 1.  Jonas - the Group has a long standing successfully commercial relationship
     with Jonas - part of Constellation Group PLC - in the UK. This relationship
     has now been extended to the North American market where Jonas is the leading
     solutions provider to the fitness, leisure and sport sector with over 16,000
     sport facilities in their books. These partnerships will allow the Group to
     significantly accelerate the deployment of its data and software
     products/solutions in the market to generate revenues and it will add
     significant amount of data to the DataHub increasing the value of this core
     asset to the business.
 2.  FICC - the relationship between the Group and FICC has gone from strength to
     strength, and it culminated with the launch of the Social Value Calculator
     product in the market earlier this year. FICC represents over 6,000 facilities
     and 6 million members nationwide, this relationship is key to the Group to
     have direct access to the market, data and the endorsement from FICC.
 3.  IHRSA - the Group was delighted to sign a partnership agreement with IRSHA
     that will drive similar benefits to the relationship with FICC in the USA
     market which is key to the Group's growth, and it will accelerate the Group's
     ability to grow the amount of data in the DataHub from this market.

 

Expansion in the European market continues to progress. The European DataHub
was launched as part of the project with EuropeActive and it is already
tracking over 3,500 facilities and 11 million individuals from 14 countries
across the EU. This has allowed the Group to start marketing and selling its
products in Europe at the same time that it continues to grow the DataHub and
therefore its ability to service more clients, generate revenues and further
strengthen its position in the market.

 

In the Middle East, the Group has developed key relationships with Al Jassra
Group - an international conglomerate with revenues exceeding £1bn globally -
and MACE Group - global infrastructure experts with revenues in excess of
£400m. These partnerships have already generated contracts since 30 September
2022 in the region as well as they have generated potential multi-million
pound opportunities active tendering opportunities for 4GLOBAL.

 

Since IPO in December 2021, the Group has strengthened the delivery and senior
leadership teams, in particular hiring Kerstin Obenauer as Chief Customer
Officer. Kerstin was previously UK country director at fitness technology
supplier, eGYM, based in Munich, and has over 20 years' experience in the
fitness sector.

 

Kerstin brings with her a wealth of experience and credibility as well as an
extensive network in European market. She has led the implementation of a new
CRM system and customer centric infrastructure yielding new business wins in
the year to date with MACE in the Middle East, Qatar and Technogym totalling
more than £5m.

 

During the six months ended 30 September 2022, the Group has invested in the
development of existing product and new product lines to allow the Company to
maximise in the short and medium terms on opportunities in markets in which it
currently operates. Since the IPO the Group has increased its number of
integrations from circa 50 to more than 75 allowing this way more data to flow
into the DataHub and therefore increasing its value to our customers as well
as allowing the Group to operate in new geographies.

 

The Group continually reviews its products and develop enhancements that
increase its market and offering into target markets.

 

The Group has a robust balance sheet with cash and cash equivalents of £2.1m,
£4.4m of contracted work for the current financial year and a strong sales
pipeline for the current year of £7.3m (full pipeline value stands at £30m).
Management has laid strong foundations to sustain fast growth of its business.

 

Board Change

 

After assisting the Group through its IPO, Roger Taylor decided to resign from
the Board in October 2022. Roger brought insight and advice to the Board who
would like to thank him for his contribution.

 

Outlook

 

Recent trading has been strong which provides the management with confidence
of achieving revenue and profit growth. This year the Group has put in place
the key building blocks for driving significant growth within the business. It
has a current order book of £4.4m (£1.4m delivered in H1 and £3m to be
delivered in H2) with some high margin contracts to be delivered in the second
six months of the financial year. In addition, the Company is actively
pursuing £30m of new opportunities some of which will fall into this
financial year.

 

As a result, the Board is confident about the prospects of the Group and views
the future with confidence.

 

Eloy Mazon

Chief Executive

20 December 2022

 

 

 

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

 

                                                                               Note  Six months ended    Six months ended    Year to
                                                                                     30 September        30 September        31 March
                                                                                     2022                2021                2022
                                                                                     (unaudited)         (unaudited)         (audited)
                                                                                     £                   £                   £
 Revenue                                                                             1,389,429           1,262,032           3,639,930

 Cost of sales                                                                       (704,510)           (354,154)           (1,024,175)

 Gross profit                                                                        684,919             907,878             2,615,755

 Administrative expenses                                                             (1,474,743)         (805,588)           (2,043,103)
 Other operating income                                                              14,000              647                 647

 Analysed as follows:
 Adjusted (loss)/profit from operations                                              (775,824)           204,360             573,299

 Depreciation                                                                        (181,462)           (70,953)            (196,756)
 Share based payment expense                                                         (208,620)           (30,470)            (169,550)
 Exceptional items                                                                   (54,000)            -                   (2,071,782)

 Operating profit/(loss)                                                             (1,219,906)         102,937             (1,864,789)

 Finance income                                                                      1,439               51                  73
 Finance cost                                                                        (17,736)            (11,947)            (23,977)

 Profit/(loss) before tax                                                            (1,236,186)         91,041              (1,888,693)

 Tax credit                                                                          103,314             34,195              242,581

 Profit for the period                                                               (1,132,872)         125,236             (1,646,112)

 Other comprehensive income
 Exchange differences on translation of foreign
 operations                                                                          333                 (796)               (11,058)

 Other comprehensive income for the period                                           333                 (796)               (11,058)

 Total comprehensive income for the period

                                                                                     (1,132,439)         124,440             (1,657,170)

 Total comprehensive income attributable to the equity holders of the company        (1,132,539)         124,440             (1,657,170)

 Basic profit - pence per share                                                      (4.3)p              0.57p               (7.1)p

 Diluted profit - pence per share                                                    (4.3)p              0.57p               (7.1)p

 

The notes form part of these Condensed Consolidated Financial Statements.

 

 

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2022

 

                                Note
 As at                                30 September    30 September      31 March
                                      2022            2021              2022
                                      (unaudited)     (unaudited)       (audited)
                                      £               £                 £
 Non-current assets
 Intangible assets                    197,107         -                 -
 Property, plant and equipment        218,301         221,317           411,360
 Total non-current assets             415,408         221,317           411,360

 Current assets
 Trade and other receivables          1,084,891       1,316,297         1,764,482
 Cash and cash equivalents            2,118,665       1,417,840         3,050,948
                                      3,203,557       2,734,137         4,815,430

 Total assets                         3,618,965       2,955,454         5,226,790

 Equity and Liabilities
 Equity
 Share capital                        263,451         1,097             263,451
 Share redemption reserve             -               105               -
 Share premium                        3,390,330       894,491           3,390,330
 Merger reserve                       676,310         -                 676,310
 Share option reserve                 347,701         62,243            139,080
 Share warrant reserve                188,266                           188,266
 Currency translation reserve         (31,990)        (22,060)          (32,323)
 Retained earnings                    (2,254,197)     638,898           (1,121,325)
 Total equity                         2,579,871       1,574,774         3,503,789

 Non-current liabilities
 Borrowings                           133,703         254,372           158,823
 Lease liability                      -               140,773           -
                                      133,703         395,145           158,823

 Current liabilities
 Borrowings                           50,130          50,009            121,814
 Trade and other payables             676,515         861,150           1,088,553
 Lease liability                      178,746         74,376            353,811
 Total current liabilities            905,391         985,535           1,564,178

 Total liabilities                    1,039,094       1,380,680         1,723,001

 Total equity and liabilities         3,618,965       2,955,454         5,226,790

 

The notes form part of these Condensed Consolidated Financial Statements.

 

The Condensed Consolidated Financial Statements were approved and authorised
for issue by the Board of Directors on 20 December 2022.

 

 

 

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

 

                                                                  Six months to      Six months to    Year to
                                                                  30 September       30 September     31 March
                                                                  2022               2021             2022
                                                                  (unaudited)        (unaudited)      (audited)
                                                                  £                  £                £
 Cash flows from operating activities
 Profit/(loss) before income tax for period                       (1,236,086)        91,041           (1,888,693)

 Adjustments to reconcile loss before tax to net cash flows:
 Depreciation of tangible assets                                  181,462            71,059           196,723
 Loss on disposal of fixed assets                                 -                  -                (9,894)
 Other income                                                     -                  (647)            -
 Finance income                                                   (1,439)            (51)             -
 Finance cost                                                     17,736             11,947           23,977
 Equity-settled share-based expense/warrants                      208,620            30,470           169,550
 (Increase)/decrease in trade and other receivables               520,729            (545,947)        390,838
 Increase/(decrease) in trade and other payables                  (223,168)          192,280          63,587
 Tax received                                                     103,708            -                -

 Net cash flows - operating activities                            (428,438)          (149,848)        (1,053,912)

 Cash flows from investing activities
 Purchase of intangible assets                                    (197,107)          (7,306)          (23,773)
 Purchase of Tangible assets                                      (18,905)           -                -
 Interest received                                                1,439              51               73

 Net cash - investing activities                                  (214,573)          (7,255)          (23,700)

 Cash flows from financing activities
 Issue of share capital                                           -                  1,161,978        3,612,662
 Share issuance costs                                             -                  (268,625)        -
 (Repayments of)/proceeds from borrowings                         (101,113)          (16,666)         (41,168)
 Lease liability principal payment                                (175,065)          (66,527)         (186,470)
 Interest elements of lease payments                              (5,235)            (4,873)          (10,780)
 Interest paid                                                    (8,192)            (4,671)          (9,445)

 Net cash flows - financing activities                            (289,605)          800,616          3,364,799

 Net increase in cash                                             (932,616)          643,513          2,287,187

 Effects of exchange rate changes on cash                         333                (1,015)          (11,581)
 Cash at beginning of period                                      3,050,948          775,342          775,342

 Cash at the end of period                                        2,118,665          1,417,840        3,050,948

 Comprising:
 Cash and cash equivalents                                        2,118,665          1,417,840        3,050,948

 Cash at end of period                                            2,118,665          1,417,840        3,050,948

 

The notes form part of these Condensed Consolidated Financial Statements.

 

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

 

                                                                     Capital                                                                          Currency
                                                        Share        redemption      Share          Merger       Share option      Share warrant      translation      Retained          Total
                                                        capital      reserve         premium        reserve      reserve           reserve            reserve          earnings          Equity
                                                        £            £               £              £            £                 £                  £                £                 £

 As at 31 March 2021 - restated                         1,097        105             894,491        -            31,773            -                  (21,264)         485,206           1,391,407

 (Loss) for the year                                    -            -               -                                             -                                   (1,646,112)       (1,646,112)
 Other comprehensive charges - translation differences

                                                        -            -               -              -            -                 -                  (11,058)         -                 (11,058)

 Total comprehensive income for the year

                                                        -            -               -              -            -                 -                  (11,058)         (1,583,869)       (1,623,383)

 Transactions with owners:
 Issue of shares, net of costs                          262,354      (105)           2,684,105      676,310      -                 -                  -                -                 3,622,664
 Deferred tax on share options                          -            -               -              -            -                 -                  -                1,259             1,259
 Share based expense                                    -            -               -              -            169,550           -                  -                -                 169,550
 Share options cancelled fair value adjustment

                                                        -            -               -              -            -                 -                  -                (23,921)          (23,921)
 Share options waived                                   -            -               -              -            (62,243)          -                  -                -                 (62,243)
 Issue of warrants                                      -            -               (188,266)      -            -                 188,266            -                -                 -
                                                        262,354      -               3,390,330      676,310      107,307           188,266            -                (22,662)          3,707,309

 As at 31 March 2022                                    263,451      -               3,390,330      676,310      139,080           188,266            (32,323)         (1,121,325)       3,503,789

 (Loss) for the year                                    -            -               -                                             -                  -                (1,132,872)       (1,132,872)
 Other comprehensive charges - translation differences

                                                        -            -               -              -            -                 -                  333              -                 333

 Total comprehensive income for the year

                                                        -            -               -              -            -                 -                  333              (1,132,872)       (1,132,539)

 Transactions with owners:
 Share based expense                                    -            -               -              -            208,621           -                  -                -                 208,621
                                                        -            -                              -            208,621           -                  333              (1,132,872)       (923,918)

 As at 30 September 2022                                263,451      -               3,390,330      676,310      347,701           188,266            (31,990)         (2,254,197)       2,579,871

 

The notes form part of these Condensed Consolidated Financial Statements.

 

 

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

 

1. General Information

 

4Global plc is a public limited company incorporated in England and Wales and
was admitted to trading on the AIM Market of the London Stock Exchange, under
the ticker symbol 4GBL on 7 December 2021.

 

The Company was incorporated and registered in England and Wales on 22 July
2021 as a public company limited by shares, with the name 4Global plc and
registered number 13523846.

 

On 11 November 2021 the Company allotted 21,938,300 ordinary shares, pursuant
to a share sale and purchase agreement, to the shareholders of 4Global
Consulting Limited and 4Global Consulting Limited became a wholly owned
subsidiary undertaking of the Company.

 

This financial information issued by 4Global plc in compliance with its
reporting obligations under the AIM Rules.

 

At 30 September 2022 the Company had issued share capital of 26,344,994
Ordinary Share of 1.0 pence.

 

The address of its registered office is Venture X, 5(th) Floor Building 7
Chiswick Park, 566 Chiswick High Road, Chiswick, London, United Kingdom, W4
5YG. and the registered company number is 13523846. The principal activity of
the Company is the provision of advisory services in the sporting sector at a
local, national and international level.

 

2. Significant accounting policies

 

2.1 Basis of preparation

 

The consolidated financial statements of 4Global PLC were prepared in
accordance with International Financial Reporting Standards ("IFRS") as
adopted by the United Kingdom, IFRIC interpretations and the Companies Act
2006 applicable to companies applying IFRS. The interim report has been
prepared in accordance with International Accounting Standard (IAS) 34
(Interim Financial Reporting). The information in this report has been drawn
up using, in all material respects, the same accounting methods as those
utilised in the Group's annual report and accounts for the year ended 31 March
2022 The comparative information for the six months to 30 September 2021 is
for 4 Global Consulting Limited and as presented in the Company's Admission
Document in December 2021.

 

3. Revenue

 

   Analysis of revenue by category                 Six Months ended      Six Months ended    Year to
                                                   30 September          30 September        31 March
                                                   2022                  2021                2022
                                                   (unaudited)           (unaudited)         (audited)
                                                   £                     £                   £

   Consultancy services revenue                    630,933               830,040             2,087,249
   Technology revenue                              758,498               431,992             1,552,681

                                                   1,389,431             1,262,032           3,639,930

 

   Analysis of revenue by geography                    Six Months ended      Six Months ended    Year to
                                                       30 September          30 September         31 March
                                                       2022                  2021                2022
                                                       (unaudited)           (unaudited)         (audited)
                                                       £                     £                   £

   Europe                                              1,092,698             707,614             2,351,970
   South America                                       142,050               442,745             890,608
   Middle East                                         154,601               83,476              362,383
   Other                                               -                     28,197              34,969

                                                       1,389,431             1,262,032           3,639,930

 

4. Earnings per share

 

To prepare the company for its listing a 200:1 share split took place during
the year 31 March 2022 which increased the number of shares in issue to
21,938,400 at the time of the share split. In December 2021 the Company listed
on AIM and issued a further 4,406,594 ordinary shares.

 

                                               Six Months ended      Six Months ended    Year to
                                               30 September          30 September        31 March
                                               2022                  2021                2022
   Basic earnings per Ordinary Share           (unaudited)           (unaudited)         (audited)

                                               £                     £                   £
   Profit for the period                       (1,236,186)           125,236             (1,646,112)
   Weighted average number of Ordinary Shares
   in issue                                    26,344,994            21,938,400          23,314,706

   Basic earnings per share (pence)            (4.7)p                0.57p               (7.1)p

 

 

                                                              Six Months ended      Six Months ended    Year to
                                                              30 September          30 September        31 March
                                                              2022                  2021                2022
   Weighted average number of shares used as a denominator

                                                              (unaudited)           (unaudited)         (audited)

   Shares in issue at 1 April 2022 and 2021                   26,344,994            109,692             109,692

   Share split 1:200                                          21,938,400            21,938,400          21,938,400
   Weighted number of shares issued in the period             4,406,594             -                   1,376,306
                                                              26,344,994            21,938,400          23,314,706
   Adjustments for calculation of diluted earnings per share
   Share options                                              1,876,285             -                   720,190
   Warrants                                                   339,289               -                   130,232
                                                              2,215,574             -                   850,422

                                                              28,560,568            21,938,400          24,165,128

 

As the Group has reported a loss diluted earnings per share are equal to basic
earnings per share.

 

5. Share-based payments

 

The following table shows the movements in the share-based payment reserve
during the period:

 

                                Number       £
   Outstanding at 1 April 2022  2,305,872    78p
   Granted during the period    -            -
   Exercised during the period  -            -

   At 30 September 2022         2,305,872    78p

 

On admission of the Company, 2,305,872 new share options in the Company were
granted with a weighted average exercise price of 77.77 pence.

 

 

 

4GLOBAL PLC

 

DIRECTORS, SECRETARY AND ADVISERS

 

 Directors                        Ian James (Non-executive Chairman)
                                  Eloy Mazon (Chief Executive Officer)
                                  Keith Sadler (Chief Financial Officer)
                                  Steven Clarke (Non-executive Director)
                                  Alexandra Orlando (Non-executive Director)
                                  Roger Taylor (Non-executive Director) (resigned 1 October 2022)

 Company Secretary                Keith Sadler

 Registered office                Venture X
                                  5(th) Floor, Building 7, Chiswick Park
                                  566 Chiswick High Road, Chiswick
                                  London, W4 5YG

 Website address                  www.4global.com (http://www.4global.com)

 Nominated advisor                SPARK Advisory Partners Limited
                                  5 St John's Lane
                                  London
                                  EC1M 4BH

 Broker                           Oberon Capital
                                  65 Curzon Street
                                  London
                                  W1J 8PE

 Independent auditor              Crowe U.K. LLP
                                  55 Ludgate Hill
                                  London
                                  EC4M 7JW

 Legal Advisers to the Company    Fladgate LLP
                                  16 Great Queen Street
                                  London
                                  WC2B 5DG

 Registrars                       Neville Registrars Limited
                                  Neville House
                                  Steelpark Road
                                  Halesowen
                                  B62 8HD

 Public Relations Adviser to the  IFC Advisory Limited
 Company                          Birchin Court
                                  20 Birchin Lane
                                  London
                                  EC3V 9DU

 

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.   END  IR BUBDDUBDDGDG

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