APQ Global Limited Book value report (3771D)
19 Febbraio 2020 - 8:00AM
UK Regulatory
TIDMAPQ
RNS Number : 3771D
APQ Global Limited
19 February 2020
APQ Global Limited
("APQ Global" or the "Company")
Book value report
APQ Global is an emerging markets growth company incorporated in
Guernsey (company registration number 62008) which is listed on The
International Stock Exchange and admitted to trading on AIM.
The Company hereby announces that as at the close of business on
31 January 2020, the unaudited book value per Ordinary Share was
89.04 US Dollar cents*, equivalent to 67.55 Pounds Sterling pence.
This figure includes the accrual for the 1.5 Pound Sterling pence
dividend (2.0 US Dollar cent equivalent**) declared on 23 January
2020 and payable on the 2 March 2020.
- End -
Enquiries:
ir@apqglobal.com
IMPORTANT INFORMATION
Important Notice:
*The term 'book value' herein includes the assets of APQ Global
and its subsidiaries net of any liabilities. The figure in this
announcement is an estimate and is based on unaudited estimated
valuations in accordance with the Company's valuation policy as
stated in the Company's AIM Admission Document. The Group has
measured its private investments in accordance with IFRS 9
Financial Instruments. In September 2017, APQ Global Ltd issued
4,018 units of GBP5,000 nominal 3.5 per cent convertible unsecured
loan stock 2024 ("CULS") to raise GBP20.09 million. In January
2018, APQ Global Ltd issued a further 1,982 CULS units at a price
of GBP5,150 per GBP5,000 nominal to raise GBP10.21 million. Under
IFRS, the CULS is a financial instrument and has been accounted for
under IAS 32 Financial Instruments: Presentation and IFRS 9 (as
effective for periods beginning on or after 1 January 2018).
Therefore, the fair value of the CULS liability component has been
calculated, with the difference between this and the fair value of
the compound financial instrument as a whole being taken to equity.
Additionally, on January 28(th) , 2020, the Group issued 1,000,000
Warrants and 268,000 Convertible Preference Shares (CPS). Under
IFRS, the Warrants and the CPS are also Financial Instruments and
have been accounted for per the above guidance. The Fair Value of
the Warrants has been calculated using the Black-Scholes Model and
taken to equity. This figure also includes the amounts awarded in
accordance with the Company's Share-Based compensation scheme as
adopted by the board on 19(th) April 2017 and accounted for in
accordance with IFRS 2. Shares awarded under the scheme vest
quarterly across 5 years. As of January 31(st) , 2020, the total
shares issued under the scheme amounted to 212,625.
Estimated results, performance or achievements may differ
materially from any actual results, performance or achievements. No
person has authority to give any representations or warranties
(express or implied) as to, or in relation to, the accuracy,
reliability or completeness of the information in this release, and
all liability therefor is expressly disclaimed. Accordingly, none
of the Company, the Corporate Services Provider or any of its/their
respective members, directors, officers, agents, employees or
advisers take any responsibility for, or will accept any liability
whether direct or indirect, express or implied, contractual,
tortious, statutory or otherwise, in respect of, the accuracy or
completeness of the information or for any loss, howsoever arising,
from the use of this release. Except as required by applicable law,
the Company expressly disclaims any obligations to update or revise
the above estimates to reflect any change in expectations, new
information, subsequent events or otherwise.
**USD Carrying Value at 31 January 2020
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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February 19, 2020 02:00 ET (07:00 GMT)
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