REG - Beacon Rise Holdings - Half-year Report

Beacon Rise HoldingsAnnouncement

05/09/2024 15:15

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RNS Number : 1161D  Beacon Rise Holdings PLC  05 September 2024

 

 
Company Registered number: 13620150 (England and Wales)

 

 

 

 

 

BEACON RISE HOLDINGS PLC

 

 

UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

 

FOR THE PERIOD FROM 1 JANUARY 2024 TO 30 JUNE 2024

FOR THE INTERIM PERIOD FROM 1 JANUARY 2024 TO 30 JUNE 2024

 

Chairman's statement

 

I am pleased to present the unaudited condensed interim financial results for
the Company for the six months ended 30 June 2024.

The principal activity of the Company is to acquire businesses in the primary
and secondary segments of the education technology sectors.

 

To enable the Company to pursue its principal activities, the Company
initiated an Initial Public Offering ("IPO") of its securities onto the London
Stock Exchange through a Standard Listing to raise the necessary funds
required for the execution of the business strategy. The IPO was successfully
completed and the Company's shares were admitted for trading on 25 March 2022.
This listing enables the Company to raise funds for acquisitions which may be
in the form of a merger, capital stock exchange, asset acquisition, stock
purchase, scheme of the arrangement, reorganisation or similar business
combination of an interest in an operating entity or investment.

 As at the reporting period end, the Company did not have any current
 operations, no products were sold, and no services were performed by the
 Company. It did not operate or compete in any specific market, and the Company
 had no subsidiaries. The Company continues to seek acquisitions of UK and
 overseas businesses or assets with operations in the sectors that can
 contribute greater benefits to shareholders.

 Strategy

 The Company retains a flexible merge and acquisition strategy which will
 enable it to deploy capital in target companies by way of minority or majority
 investments, or full acquisitions where it is in the interests of shareholders
 to do so.

 The Company's strategic aim is to drive shareholder value through the
 acquisition of target companies in certain sectors where the Board believes
 there to be sustainable growth opportunities both organically, and through
 acquisition.

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 (http://www.rns-pdf.londonstockexchange.com/rns/1161D_1-2024-9-5.pdf)

 

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