REG - Selkirk Group PLC - Notice of first audited accounts
20/02/2025 07:15
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RNS Number : 8448X Selkirk Group PLC 20 February 2025
20 February 2025
Selkirk Group PLC
("Selkirk" or the "Company")
Notice of first audited accounts and update on financial position
Selkirk (AIM: SELK), an AIM investing company established to acquire an
undervalued company or business in the UK, confirms the period of its first
audited accounts and provide an update on its financial position.
Following Admission, the Company's intention was to audit the period from the
date of incorporation to 31 December 2024 and publish the audited results in
line with the required regulatory timeline. However, as no transaction was
undertaken during this period, Selkirk continues to be an investing company
which has generated no revenue and only has one asset, being cash.
Gross proceeds of £7.5 million were raised at IPO and as at 31 December 2024
the cash position was £7.0 million, which is on deposit, reflecting the
deduction of IPO expenses and minor running costs for the period which are in
line with management expectations.
Given the limited financial information available, the Directors believe that
there is little value to shareholders in incurring the additional costs
associated with auditing the stub period to 31 December 2024. The Company
therefore confirms that its first set of audited accounts will be for the c.16
month period from the date of incorporation to 31 December 2025, which will be
announced by the end of April 2026.
Furthermore, the Company confirms that it will publish its unaudited results
for the 6-month period ended 30 June 2025 by 30 September 2025.
In terms of strategic progress, Selkirk continues to explore opportunities to
acquire a business in line with its investment policy and will update the
market in due course.
ENDS
For further information please contact:
Selkirk PLC Via Camarco
Iain McDonald info@selkirkplc.com (mailto:info@selkirkplc.com)
Zeus (Nominated Adviser and Broker) +44 (0) 20 3829 5000
Dan Bate, Louisa Waddell, John Moran
Camarco +44 (0) 20 3757 4980
Billy Clegg, Tom Huddart, Letaba Rimell selkirk@camarco.co.uk
Notes to Editors
Selkirk Group Plc is an investing company established with the primary
objective of acquiring a company or business which the directors believe is
undervalued and providing it with a quotation or listing or acquiring an
existing public company and providing a highly incentivized management team
with strategic direction. The Company is focused on acquiring a business which
is headquartered in the United Kingdom. The directors have extensive
experience in identifying, evaluating, and executing opportunities; both
quoted and unquoted, and creating value for stakeholders. To find out more
visit: www.selkirkplc.com.
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