REG - 450 PLC - Interim Financial Statements - 31 December 2024

450Announcement

25/03/2025 17:15

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RNS Number : 1182C  450 PLC  25 March 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA,
JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN
WHICH IT WOULD BE UNLAWFUL TO DO SO.

 

LEI number: 2138004EUUU11OVHZW75

450 plc

(the "Company")

Interim Financial Statements for the period ended 31 December 2024

The Company announces the publication of its Interim Financial Statements for
the period ended 31 December 2024.

 

The Interim Financial Statements are also available on the 'Shareholder
Documents' page of the Company's website at www.450plc.com.

 

Activity during the period and strategy

The Company's adopted investing policy is to focus on building a market leader
in the traditional and digital creative industries, capitalising on the
ongoing transformation of the content, media and technology sectors as well as
considering opportunities in e-commerce and retail.

It is anticipated that the Company will acquire controlling or non-controlling
stakes in one or more businesses or companies (quoted or private) on a
long-term basis, including the consideration of public offers for, or mergers
with, existing listed businesses. The investments made by the Company may be
in the form of equity or other types of capital investment.

The Directors believe that opportunities exist to create significant value for
shareholders through properly executed, acquisition-led growth strategies
arising within the traditional and digital creative industries encompassing
the content, media and technology sectors as well as opportunities in
e-commerce and retail. The Company's principal focus will be on making
investments in the UK, Europe or North America and will target companies with
either a well-established presence in their specific segments or companies
which are in a position to become leaders in their specific segments.

Effective 1 February 2025, the Company announced the appointment of Andrew
Lindsay as Chair. Andrew, brings a wealth of experience to the role, most
recently as CEO of Telecom Plus, a FTSE-250 company. Andrew will work
alongside the directors of the Company to secure an attractive platform
acquisition and ultimately target the delivery of significant shareholder
value. Waheed Alli transitioned to Deputy Chair on the 1 February 2025.

The investment policy is included in full on the Company's website at
www.450plc.com.

Outlook

The 450 Board continue to assess opportunities with the potential to
capitalise on content and consumer trends, including product and brand, where
the Directors have extensive experience.

The Directors believe that an opportunity will emerge to secure an attractive
platform acquisition, combined with the management team's extensive track
record, to deliver growth and significant shareholder value.

Results

The Group's loss after taxation for the period to 31 December 2024 was
£314,835 (31 December 2023: loss of £255,785). The Group held a cash balance
at the period end of £3,372,240 (as at 30 June 2024: £3,682,903).

 

 

 

Enquiries:

450 plc

Tel:+44(0)207 004 2700

Andrew Lindsay

Waheed Alli

 

Deutsche Numis (Nominated Adviser)

Tel:+44(0)207 260 1000

Kevin Cruickshank

Jamie Loughborough

 

 

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