REG - APQ Global Limited - Trading Update

APQ GlobalAnnouncement

03/04/2024 07:00

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RNS Number : 0063J  APQ Global Limited  03 April 2024

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:

 

 APQ Global Limited                                     020 3478 9708
 Bart Turtelboom

 Singer Capital Markets - Nominated Adviser and Broker  020 7496 3000
 James Maxwell

 Suntera - TISE sponsor                                 01481 737 277
 Claire Torode

 Investor Relations

 IR@APQGlobal.com

 

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. For more information, please visit apqglobal.com
(http://www.apqglobal.com/) .

1 Where we refer to revenue from income generating operating activities this
relates to the revenue of our investee companies.

 

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