REG-Alina Holdings PLC Alina Holdings PLC: 2024 Interim Results
27/09/2024 07:15
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Alina Holdings PLC (ALNA)
Alina Holdings PLC: 2024 Interim Results
27-Sep-2024 / 07:00 GMT/BST
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Alina Holdings PLC
Alina Holdings PLC
(Reuters: ALNA.L, Bloomberg: ALNA:LN)
("Alina" or the "Company")
Interim Results for the period ended 30 June 2024
The Company is pleased to announce its results for the six months ended 30
June 2024. The unaudited interim results have been submitted to the FCA
and will shortly be available on the Company’s website:
1 www.alina-holdings.com
Highlights for the 6 months ended 30 June 2024
GROUP RESULTS 1H 2024 versus 1H 2023
Group Net Profit / (Loss) for the period - £000 £348k vs (£821k)
Group Earnings / (Loss) Per Share (both basic and 1.53p vs (3.62p)
diluted)*1
Reported Book value per share*2 23.4p vs 23.2p
Net Cash - £000 £1,415 vs £1,503
Investments at fair value through profit and loss - £000 £1,675 vs £1,907
*1 based on weighted average number of shares in issue of 22,697,397
(1H23: 22,697,397)
*2 based on actual number of shares in issue as at 30 June 2024 of
22,697,397
Chairman’s Statement
Macro Background/Outlook
After a first half correction, the US market markets (in particular the
Tech led Nasdaq) have continued to reach for Infinity and Beyond, although
it is the DJII and S7P 500 that have reached new all time highs as
investors rotate out of Tech. Whilst interest rates are finally on the
decline as the Fed lowers rates, it is too early to assess how much damage
may have been done to economic components such as Real Estate where, both
in the USA and Europe, commercial real estate prices are in full retreat.
As pointed out in last year’s Interims, Niall Fergusson, Bloomberg
columnist and the Milbank Family Senior Fellow at the Hoover Institution
at Stanford University wrote…As Humpty Dumpty says to Alice: “When I use a
word, it means just what I choose it to mean — neither more nor less.”
Inflation has been above target for nearly two and a half years. Whenever
it returns to 2%, we’ll be told: “That’s what we meant by transitory!”
The Company’s Board is still in the “Markets are overvalued camp”, and
believe that Central Bank fiddling and tinkering will eventually result in
the likelihood of stagflation in the UK and Europe and, if they get lucky,
only recession in US, but possibly worse in Europe.
Recessions have a habit of creeping up on one and then falling off a
cliff. Past downturns have taken longer than expected to manifest
themselves but when they arrive they invariable bring pain and a dose of
sanity back to markets as they adjust to the new “normal”.
I stand by my earlier statement that that the Fed and ECB are still behind
the curve. Their efforts to curb inflation have, in my opinion, ironically
caused rates to stay higher for longer. We are, therefore, sceptical that
the Fed can engineer a Soft landing. In our opinion, the prolonged
increase in interest rates has severely damaged commercial and personal
property prices in the US, UK and Europe (the greatest store of personal
value for most families), which is likely to result in a substantial stock
market correction … that I and other (older!) participants have alluded to
for some time.
As at the time of writing, the Buffet Indicator, which compares total
market capitalisation to GDP stands at 200%, indicating that the Stock
Market is Significantly Overvalued and that a reversion to the mean
(barring any overshoot!) would indicate a potential 30% to 50% decline in
US markets from current levels. I do not believe that this is a question
of “if” the markets will correct, but “when” will they correct.
Add to the above scenario the European issues of “Corporate Obsolescence”,
specifically the Auto industry, and we have the makings of potential mass
unemployment in Germany, offset by increased Government spending, which
reminds me very much of the Weimar Republic (1918 – 1933). I realise that
this is an unpopular position to take but a closer look at the growing
problems in Western Society should really temper political and economic
complacency. Both the US and Europe have major migration problems, which
the US Democrats have generally ignored and the Republicans wish to deal
with using force. Whilst in Europe, “Angela Merkel (aka “Mutti”) used her
dominant position in the EU to ‘persuade’ member States to open their
borders to the influx of migrants…until now that is when Chancellor Olaf
Scholz’s Government having lost two regional elections in Eastern Germany
has closed German Boarders to ‘illegal’ migrants, and in France, in an
effort to repel the Far Right, the new Barnier Government have also
announced that migration is at the top of their Task List.
And whilst the migrant problem becomes increasingly complex, Germany’s
massive exposure to ICE powered cars (internal combustion engine) and
uncompetitive EV cars is estimated to result in a possible 50% decline in
auto related jobs from 830,000 (which does not include a further 300,000+
people employed in support industries) to 400,000 by 2030.
Warren Buffett is well known for saying that ‘one should be fearful when
others are greedy, and greedy when others are fearful’.
Conclusion…
In our opinion, now is not the time to be greedy…peak earnings and peak
stock prices do not make for a good entry point when buying stocks.
Operations
Real Estate
Hastings
Works to remove asbestos have now been completed and the tenant that had
moved into the former Restaurant has been evicted for taking possession
without a contract and in breach of the Head Lease covenants. Removal of
the illegal occupants required legal action and took over a year.
Unfortunately the tenant only conceded the week Court proceedings were due
to commence. Whilst Hastings is now structurally ready for occupancy,
substantial electrical wiring is now required to ensure that the building
is compliant with today’s regulatory requirements. On a positive note, the
departure of a number of smaller tenants now gives us the opportunity to
attract a larger tenant at current market rates rather than the historical
discounted rates. Securing a Nationally recognised tenant would also have
a significant, positive impact on the Book Value of the Property.
Bristol
We are in the process of retaining an agent to sell the Brislington
Property. The agent has indicated a sales price in excess of our Book
Value, which has resulted in an upward revaluation in these accounts to
reflect some, but not all of the increased potential sales value.
Stafford
We recently withdrew from the sale of our Stafford property due to the
buyers constant excuses for delayed completion. In the meantime, the
rental market has firmed and recent rent increases give us reason to
believe that we can achieve an improved sales price.
Holdings
1. DCI Advisors Ltd (DCI LN)
2 https://www.dciadvisorsltd.com/index.html
As at June 30 2024, ALNA owned 2.99% of DCI Advisors Ltd., which is
focused on the development of luxury leisure properties in the Eastern
Mediterranean, Greece, Cyprus and Croatia).
The Company’s trophy asset is a Golf and Leisure development on the
outskirts of Porto Cheli in the Peloponnese. Porto Cheli is currently
going through a development boom, including 3 major projects - a new Four
Seasons Hotel and Private villa, Beach resort in Hinitsa Bay, adjacent to
Porto Cheli fronted by Irish Billionaire Paul Coulson; a Six Senses Hotel
Resort and a Waldorf Astoria Hotel.
In the past few days, DCI also announced that the sale of the Livka Bay
property should complete in the coming weeks.
On a less positive note, the company is up to its neck in litigation with
the founder and former manager of the Group. Further, the Company’s shares
are suspended as accounts have not been filed.
2. HEIQ plc (HEIQ LN)
3 https://www.heiq.com/investors/
HEIQ continues to drag and has now fallen from a 2021 high of ~244p to a
current level of 5.5p, a decline of 97.5%, and a decline of 89% from the
Company’s Main Market listing price of 50p/share.
2020 and 2021 accounts have been restated and instead of the profits that
the Company had previously announced, which drove the share price up,
restated 2021 results showed a loss versus a previously announced profit
whilst losses in 2022 ballooned as the Company took a $13m impairment
charge and had to reverse $4m of revenues.
The fact that the Company’s Directors thought it conservative or prudent
to use stage of completion accounting rather than cash accounting where
revenues are only booked when invoiced, beggars belief.
Quote from the Executive Director, “Previously, we had recognized revenue
from these contracts at the point in time of achieving certain technical
development milestones. However, upon further review, we concluded that it
is appropriate to recognize such revenues over time to coincide with
specific exclusivity
rights being granted by HeiQ to the partners. Consequently, total revenue
of US$4.0 million has been deferred over a period of four years with
initial revenues being recognized in H2 2022.”
Sadly this statement indicates that the Company is still using stage of
completion accounting rather than the more conservative and, given the
appalling results, prudent cash accounting convention.
Conclusion
As I write the Fed has cut its benchmark rate by half a point, which would
indicate that they are concerned about the weakness of the US economy, and
most importantly about flagging employment numbers. A half point cut is
also significant as it indicates that the Fed may, as we have previously
suggested, be behind the curve. The coming months, culminating in the US
Presidential election will probably be volatile as was the Market’s 1%
positive knee-jerk reaction to the 0.5% rate cut before it fizzled and
turned into losses for all 3 major US Indices.
We are concerned by, in our opinion, the extreme over-valuation of the US
Stock, and RealEstate Markets and the enormous over-hang of US consumer
credit, which gets far too little mention these days.
Whilst we are pleased to report improved results for the period under
review, we believe that the second half of the year will pose multiple
headwinds and will focus our efforts on raising cash from property sales
and by monitoring and managing our other assets as best we can.
Duncan Soukup
Chairman
Alina Holdings plc
26 September 2024
Financial Review
Total income for the 1H 2024 period was £503k (1H 2023: £(286)k). This was
supported by the strong performance of financial holdings, particularly
the largest short position in Tesla (TSLA).
Gross Rental Income declined by 27% due to increased vacancy rates at
Hastings, the sale of Shaw in April 2023 during the comparative period and
tenant issues at a Brislington property partially caused by scaffolding
erected for work on the Landlord’s adjacent building.
Cost of sales reduced from £148k to £21k, driven by a service charge
credit of £132k at Hastings within Property operating expenses. The credit
related to service charges at vacant units for required work which had
been invoiced in 2022 and 2023. As the work has not yet been done, the
property management company had to refund this to units that had paid,
including Nos 4 Limited’s vacant units.
The Board has reassessed the carrying value of Brislington and revalued
this property up +£200,000 to £1,362,500. The revaluation reflects the
selling agent’s estimated sale value, less fees and contingencies.
At Hastings, following the refurbishment and removal of asbestos, a claim
for expenditure plus costs has now been submitted to Sainsbury’s, the
owner of Argos, per the ‘full repairing lease’.
During the period under review Book Value increased 7.0% to 23.4p/shr from
21.9p/shr as at 31 December 2023.
Responsibility Statement
We confirm that to the best of our knowledge:
a. the condensed set of financial statements has been prepared in
accordance with IAS 34 ‘Interim Financial Reporting’ and gives a true
and fair view of the assets, liabilities, financial position and
profit or loss of the Company and the undertakings included in the
consolidation as a whole as required by DTR 4.2.4 R;
b. the interim management report includes a fair review of the
information required by DTR 4.2.7R (indication of important events
during the first six months and description of principal risks and
uncertainties for the remaining six months of the year); and
c. the interim management report includes a fair review of the
information required by DTR 4.2.8R (disclosure of related parties’
transactions and changes therein).
Cautionary statement
This Interim Management Report (IMR) has been prepared solely to provide
additional information to shareholders to assess the Company’s strategies
and the potential for those strategies to succeed. The IMR should not be
relied on by any other party or for any other purpose.
Duncan Soukup
Chairman
Alina Holdings plc
26 September 2024
Interim Condensed Consolidated Statement of Income
For the six months ended 30 June 2024
Six months Six months Year
ended ended ended
30 Jun 24 30 Jun 23 31 Dec 23
Unaudited Unaudited Audited
Note £'000 £'000 £'000
Gross rental income 116 165 305
Net gains/(losses) on investments 375 (385) (288)
at fair value
Interest income 12 9 18
Dividend income 3 1 3
Loss on disposal of investment - (73) (73)
properties
Currency losses (3) (3) (19)
Total Income 503 (286) (54)
Property operating expenses (14) (142) (298)
Financial holdings expenses (7) (6) (14)
Total Cost of Sales (21) (148) (312)
Gross profit 482 (434) (366)
Administrative expenses including (321) (371) (739)
non-recurring items
Gain from change in fair value of 200 - -
investment properties
Operating loss before net financing 361 (805) (1,105)
costs
Depreciation (2) (2) (3)
Net financial income/(expense) (11) (14) (27)
Share of profits of associated - - 12
entities
Profit/(Loss) before tax 348 (821) (1,123)
Taxation 7 - - -
Profit/(loss) for the year from 348 (821) (1,123)
continuing operations
Attributable to:
Equity shareholders of the parent 348 (821) (1,123)
348 (821) (1,123)
Earnings per share - GBP- pence
(using weighted average number of
shares)
Basic and Diluted 3 1.53 (3.62) (4.95)
The notes on pages 15 to 19 form an integral part of this consolidated
interim financial information.
Interim Condensed Consolidated Statement of Comprehensive Income
For the six months ended 30 June 2024
Six months Six months Year
ended ended ended
30 Jun 24 30 Jun 23 31 Dec 23
Unaudited Unaudited Audited
£'000 £'000 £'000
Profit/(loss) for the financial year 348 (821) (1,123)
Total comprehensive income 348 (821) (1,123)
Attributable to:
Equity shareholders of the parent 348 (821) (1,123)
Total Comprehensive income 348 (821) (1,123)
The notes on pages 15 to 19 form an integral part of this consolidated
interim financial information.
Interim Condensed Consolidated Statement of Financial Position
As at 30 June 2024
As at As at As at
30 Jun 24 30 Jun 23 31 Dec 23
Note Unaudited Unaudited Audited
Assets £'000 £'000 £'000
Non-current assets
Investment properties 4 2,569 2,502 2,371
Investments in associated entities 17 5 17
Total non-current assets 2,586 2,507 2,388
Current assets
Trade and other receivables 423 356 367
Investments at fair value through 5 1,675 1,907 2,013
profit and loss
Investment properties held for sale 130 - 130
Cash and cash equivalents 1,415 1,503 1,117
Total current assets 3,643 3,766 3,627
Total assets 6,229 6,273 6,015
Liabilities
Current liabilities
Trade and other payables 584 673 718
Total current liabilities 584 673 718
Finance lease liabilities 6 323 324 323
Total non-current liabilities 323 324 323
Total liabilities 907 997 1,041
Net assets 5,322 5,276 4,974
Shareholders’ Equity
Share capital 9 319 319 319
Capital redemption reserve 598 598 598
Retained earnings 4,405 4,359 4,057
Total shareholders' equity 5,322 5,276 4,974
Total equity 5,322 5,276 4,974
The notes on pages 15 to 19 form an integral part of this consolidated
interim financial information.
These financial statements were approved by the board on 26 September
2024.
Signed on behalf of the board by:
Duncan Soukup
Interim Condensed Consolidated Statement of Cash Flows
For the six months ended 30 June 2024
As at As at As at
30 Jun 24 30 Jun 23 31 Dec 23
Unaudited Unaudited Audited
£'000 £'000 £'000
Cash flows from operating activities
Profit/(Loss) for the year before 361 (805) (1,105)
financing
Gain from change in fair value of (200) - -
investment properties
Finance costs (11) (7) 1
(Profit)/Loss from change in fair value - - (3)
of head leases
(Profit)/Loss on disposal of investment - 73 73
properties
Decrease/(Increase) in trade and other (56) (123) (134)
receivables
(Decrease)/Increase in trade and other (134) 82 126
payables
Gain/(loss) on foreign exchange (3) (3) (18)
Lease liability interest (11) (11) (23)
Depreciation 2 1 3
Fair value movement on portfolio 198 331 298
investments
(Profit)/Loss from change in fair value of (576) 57 (3)
investments held for sale
Cash generated by operations (430) (405) (785)
Taxation - - -
Net cash flow from operating activities (430) (405) (785)
Cash flows from investing activities
Net (purchase)/sale of portfolio 716 302 (562)
investments
Net Proceeds from sale of investment - 727 727
properties
Net cash flow in investing activities 716 1,029 165
Cash flows from financing activities
Interest received 12 9 18
Interest paid - (3) (5)
(Increase)/reduction on head lease - - 3
liabilities
Net cash flow from financing activities 12 6 16
Net increase in cash and cash equivalents 298 630 (604)
Cash and cash equivalents at the start of 1,117 873 1,721
the year
Cash and cash equivalents at the end of 1,415 1,503 1,117
the year
The notes on pages 15 to 19 form an integral part of this consolidated
interim financial information.
Interim Condensed Consolidated Statement of Changes in Equity
For the six months ended 30 June 2024
Capital
Share redemption Retained
Capital reserve Earnings Total
£'000 £'000 £'000 £'000
Balance as at 31 December 2022 319 598 5,180 6,097
Loss for Period - - (821) (821)
Balance as at 30 June 2023 319 598 4,359 5,276
Total comprehensive income for the year - - (302) (302)
Balance as at 31 December 2023 319 598 4,057 4,974
Loss for Period - - 348 348
Balance as at 30 June 2024 319 598 4,405 5,322
The notes on pages 15 to 19 form an integral part of this consolidated
interim financial information.
Notes to the Interim Condensed Consolidated Financial Information
1. General information
Alina Holdings PLC (“Alina” or the “Company”) is a company registered on
the Main Market of the London Stock Exchange.
2. Significant Accounting policies
The Group prepares its accounts in accordance with applicable UK Adopted
International Accounting Standards (IFRSs).
The accounting policies applied by the Company in this unaudited
consolidated interim financial information are the same as those applied
by the Company in its consolidated financial statements as at and for the
period ended 31 December 2023 except as detailed below.
The financial information has been prepared under the historical cost
convention, as modified by the accounting standard for financial
instruments at fair value.
Estimates
There are no changes to the estimates since last reporting period.
Segmental reporting
IFRS 8 requires operating segments to be identified on the basis of
internal reports that are regularly reported to the chief operating
decision maker to allocate resources to the segments and to assess their
performance. The Group’s reportable segments under IFRS 8 are: a
portfolio of UK property; and other investment assets, which are reported
to the Board of directors on a quarterly basis. The Board of directors is
considered to be the chief operating decision maker.
2.1. Basis of preparation
The condensed consolidated interim financial information for the six
months ended 30 June 2024 has been prepared in accordance with
International Accounting Standard No. 34, ‘Interim Financial Reporting’.
They do not include all of the information required for full annual
financial statements and should be read in conjunction with the
consolidated financial statements of the Company as at and for the year
ended 31 December 2023. Prior year comparatives have been reclassified to
conform to current year presentation.
These condensed interim financial statements for the six months ended 30
June 2024 and 30 June 2023 are unaudited and do not constitute full
accounts. The comparative figures for the period ended 31 December 2023
are extracted from the 2023 audited financial statements. The independent
auditor’s report on the 2023 financial statements was not qualified.
All intra-group transactions, balances, income and expenses are eliminated
in full on consolidation.
2.2. Going concern
The financial information has been prepared on the going concern basis as
management consider that the Group has sufficient cash to fund its current
commitments for the foreseeable future.
3. Earnings per share
Six months Six months Year
ended ended ended
30 Jun 24 30 Jun 23 31 Dec 23
Unaudited Unaudited Audited
The calculation of earnings per share is
based on the following loss and number of
shares:
Profit/(loss) for the period (£'000) 348 (821) (1,123)
Weighted average number of shares of the 22,697 22,697 22,697
Company ('000)
Earnings per share:
Basic and Diluted (GBP - pence) 1.53 (3.62) (4.95)
Number of shares outstanding at the 22,697,397 22,697,397 22,697,397
period end:
Notes to the Interim Condensed Consolidated Financial Information
Continued
4. Investment Properties
Leasehold Investment
Investment Properties
Properties Held for sale Total
£000 £000 £000
At 31 December 2022 2,504 800 3,304
Depreciation - head leases (2) - (2)
Sale of property - (800) (800)
At 30 June 2023 2,502 - 2,502
Depreciation - head leases (1) - (1)
Reclassification of property for sale (130) 130 -
At 31 December 2023 2,371 130 2,501
Depreciation - head leases (2) - (2)
Fair value adjustment - property 200 - 200
At 30 June 2024 2,569 130 2,699
As at As at As at
30 Jun 24 30 Jun 23 31 Dec 23
Unaudited Unaudited Audited
£000 £000 £000
Portfolio valuation 2,368 2,168 2,168
Investment Properties held for sale (130) - (130)
Head leases treated as investment properties 331 334 333
per IFRS 16
Total per Balance Sheet 2,569 2,502 2,371
Notes to the Interim Condensed Consolidated Financial Information
Continued
5. Investment Holdings
The Group classifies the following financial assets at fair value through
profit or loss (FVPL):
Equity investments that are held for trading
As at As at As at
30 Jun 24 30 Jun 23 31 Dec 23
Unaudited Unaudited Audited
£000 £000 £000
Securities investments
At the beginning of the period 2,013 1,749 1,749
Additions 848 1,117 2,311
Unrealised gain/(losses) 371 (385) (288)
Disposals (1,557) (574) (1,759)
1,675 1,907 2,013
Investments have been valued incorporating Level 1 inputs in accordance
with IFRS7. They are a combination of cash and securities held with the
listed broker.
Financial instruments require classification of fair value as determined
by reference to the source of inputs used to derive the fair value. This
classification uses the following three-level hierarchy:
Level 1 — quoted prices (unadjusted) in active markets for identical
assets or liabilities;
Level 2 — inputs other than quoted prices included within level 1 that are
observable for the asset or liability, either directly (i.e., as prices)
or indirectly (i.e., derived from prices);
Level 3 — inputs for the asset or liability that are not based on
observable market data (unobservable inputs).
6. Lease liabilities
Finance lease liabilities on head rents are Minimum
payable as follows: Lease
Payment Interest Principal
£000 £000 £000
At 30 June 2023 2,995 (2,649) 346
Movement in value (12) 12 -
At 31 December 2023 2,983 (2,637) 346
Movement in value (11) 11 -
At 30 June 2024 2,972 (2,626) 346
Short term liabilities 22 - 22
Long term liabilities 2,973 (2,649) 324
At 30 June 2023 2,995 (2,649) 346
Short term liabilities 22 - 22
Long term liabilities 2,961 (2,637) 324
At 31 December 2023 2,983 (2,637) 346
Short term liabilities 23 - 23
Long term liabilities 2,949 (2,626) 323
At 30 June 2024 2,972 (2,626) 346
In the above table, interest represents the difference between the
carrying amount and the contractual liability/cash flow. All leases expire
in more than five years.
7. Taxation
The tax charge for the period under review was nil (1H 2023: nil). The
Group has substantial carried forward trading losses and capital losses
available. Accordingly, no provision for corporation tax has been made in
these accounts.
It is not anticipated that sufficient profits from the residual business
will be generated in the foreseeable future to utilise the losses carried
forward, therefore no asset for unrelieved tax losses has been recognised
in these accounts. Unrelieved tax losses and other deferred tax assets are
recognised only to the extent that is it probable that they will be
recovered against the reversal of deferred tax liabilities or other future
taxable profits.
Notes to the Interim Condensed Consolidated Financial Information
Continued
8. Related party balances and transactions
As at the period end the Group owed £44,380 (December 2023: £18,505, June
2023: £49,887) to Thalassa Holdings Limited (“Thalassa”), a company under
common directorship. The balance relates to administration fees,
accounting and registered office services supplied to the Group by
Thalassa at cost. The total amount is treated as an unsecured, interest
free loan made repayable on demand.
During the period the Group accrued £64,712 (December 2023: £144,213, June
2023: £75,755) for consultancy and administrative services provided to the
Group by a company, Fleur De Lys, in which the Chairman has a beneficial
interest. The balance owed by the Group at the period end date was £37,076
including expenses (December 2023: £34,929, June 2023: (£33,245)).
Athenium Consultancy Ltd, a company in which the Group owns shares
invoiced the group for financial and corporate administration services
totalling £90,750 for the period (December 2023: £181,500, June 2023:
£90,750).
9. Share capital
As at As at As at
30 Jun 24 30 Jun 23 31 Dec 23
Unaudited Unaudited Audited
£ £ £
Allotted, issued and fully paid:
22,697,397 ordinary shares of £0.01 each 226,970 226,970 226,970
9,164,017 treasury shares of £0.01 each 91,640 91,640 91,640
Total Share Capital 318,610 318,610 318,610
During the year to 30 September 2019, the Company underwent a Court
approved restructure of capital and buy back of shares. Under this action
the issued 20p shares were converted to 1p; capital reserves were
transferred to distributable reserves; 59,808,456 shares were repurchased,
and a new Capital Redemption Reserve of £0.598m was established.
Investment in Own Shares
At the year-end, 9,164,017 shares were held in treasury (June 2023:
9,164,017), and at the date of this report 9,164,017 were held in
treasury.
10. Subsequent events
There were no subsequent events.
11. Copies of the Interim Report
The interim report is available on the Company’s website:
www.alina-holdings.com.
END
Investor Enquiries: 4 enquiries@alina-holdings.com
Alina Holdings PLC
5 www.alina-holdings.com
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Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
ISIN: GB00B1VS7G47
Category Code: IR
TIDM: ALNA
LEI Code: 213800SOAIB9JVCV4D57
OAM Categories: 1.2. Half yearly financial reports and audit
reports/limited reviews
Sequence No.: 349411
EQS News ID: 1996727
End of Announcement EQS News Service
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5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5f6e88dfcc72742111bb7f5f70b9e0ef&application_id=1996727&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news
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