Interim Results For The Six Months Ended 30 June 2023
29/09/2023 07:00
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY EVRIMA PLC TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT
VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
29 September 2023
Evrima PLC
(“Evrima” or the “Company”)
AQSE: EVA
Interim Results For The Six Months Ended 30 June 2023
Evrima plc the investment issuer focused on opportunities within the
commodities, mineral exploration and development sectors is pleased to
announce its unaudited interims results for the six months ended 30 June 2023.
As of 30 June 2023, Evrima Plc maintains a diverse portfolio of both listed
and private investments across various sectors. These investments align with
the Company’s strategic focus on opportunities within the commodities,
mineral exploration, and development industries.
Evrima’s holdings in listed investments encompass a range of publicly traded
companies, reflecting its commitment to capitalising on opportunities in the
ever-evolving global financial markets. These investments are selected with a
view towards maximizing returns in the current economic landscape.
Additionally, the Company’s portfolio includes private investments in
companies that exhibit substantial growth potential within their respective
niches. These investments are carefully chosen after rigorous due diligence
and align with its long-term vision for sustained profitability and value
creation.
Evrima Plc remains dedicated to actively managing and nurturing these
holdings, seeking opportunities to optimise returns and unlock value for its
shareholders. The Company’s investment strategy is rooted in its ability to
adapt to the dynamic economic and geopolitical environment while maintaining a
prudent and forward-looking approach
Evrima continues to monitor the performance and developments of its holdings,
striving to capitalise on favourable market conditions and seize opportunities
as they arise. The Company’s commitment to maintaining a well-balanced and
strategically diversified investment portfolio remains unwavering.
Please note that detailed information regarding individual investments,
including specific holdings, can be found in the Company’s financial reports
and statements.
The Company looks forward to providing further updates on its investment
portfolio’s performance and any notable developments in future reports.
The half-yearly financial report has not been audited or reviewed by the
Company’s auditors.
The Directors of the Company, who have issued this RIS announcement after due
and careful enquiry, accept responsibility for its content.
REGULATORY ANNOUNCEMENT ENDS
Enquiries:
Company:
Burns Singh Tennent-Bhohi (CEO & Director)
burns@evrimaplc.com
Simon Grant-Rennick (Executive Chairman)
simon@evrimaplc.com
Novum Securities Limited (Corporate Adviser):
David Coffman / George Duxberry: + 44 (0) 20 7399 9400
Peterhouse Capital Limited (Corporate Stockbroker):
Lucy Williams: +44 (0) 20 7469 0930
Income Statement for the 6 months ended 30 June 2023
30 June 2023 Unaudited 31 December 2022 Audited 30 June 2022 Unaudited
£ £ £
Revenue 5,000 10,250 5,250
Administrative expenses (88,537) (166,997) (84,379)
Fair value movement (189,811) (253,032) (19,206)
Loss on sale of fixed asset investment (51,614) - -
Interest payable and similar expense - (129) -
Profit/(loss) before taxation (324,962) (409,908) (98,335)
Taxation - 81,178 -
Profit/(Loss) for the period (324,962) (328,730) (98,335)
Basic earnings per share (0.001) (0.5) (0.001)
Diluted earnings per share (0.001) (0.3) (0.001)
Balance Sheet as at 30 June and 31 December
30 June 31 December 30 June
2023 2022 2022
Unaudited Audited Unaudited
£ £ £
Fixed Assets
Tangible assets - - -
Investments 870,973 886,884 2,172,417
870,973 886,884 2,172,417
Current assets 741,630 1,046,355 39,133
Investments
Trade and other receivables 32,353 13,710 27,784
Cash and cash equivalents 172 44,386 1,307
774,155 1,104,451 68,224
Creditors: amounts falling due within one year (140,395) (161,640) (89,419)
Deferred tax (54,780) (54,780) (135,958)
Total Assets less current liabilities 1,449,953 1,774,914 2,015,264
Capital and reserves
Called up share capital 244,068 244,068 244,068
Share premium account 1,360,029 1,360,029 1,360,029
Other reserves 44,100 44,100 44,100
Profit and loss reserve (198,244) 126,717 367,068
Total equity 1,449,953 1,774,914 2,015,264
Statement of Changes in Equity as at 30 June 2023
Share Share Other Profit and loss
capital premium Reserves Reserves Total
£ £ £ £ £
Balance at 1 January 22 244,068 1,360,029 44,100 455,447 2,103,644
Issue of share capital - - - - -
Other income - - - - -
Loss for the period - - - (328,730) (328,730)
Balance at 31 Dec 22 244,068 1,360,029 44,100 126,717 1,774,914
Balance at 1 January 22 244,068 1,360,029 44,100 126,717 1,774,914
Issue of share capital - - - -
Loss for the period - - - (324,962) (324,962)
Balance at 30 June 2023 244,068 1,360,029 44,100 (198,244) 1,449,953
Evrima Plc Material Investment Position as at 30 June 2023
Listed Investments
Company Shares Share Price (CAD$) 1
Premium Nickel Resources Limited (TSXV:PNRL) 822,787 $1.380
Canadian Critical Minerals Inc (TSXV:CCMI) 1,400,000 $0.040
Spark Energy Minerals Inc (CSE:EMIN) 500,000 $0.025
Transition Metals Corp (TSXV:XTM) 625,000 $0.070
Unlisted Investments
Company Shares Share Price (CAD + £) 2
Kalahari Key Mineral Exploration Pty 3,802 £53.82
Eastport Ventures Inc 3,596,623 $0.30
1. Share price at 30 June 2023
2. Fair value assessment as at 30 June 2023
Evrima PLC - Interims-Jun-23 FINAL (https://mb.cision.com/Main/22563/3844283/2326491.pdf)
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