(Alliance News) - Allied Minds PLC on Friday said it intends to take "full advantage" of the growth profile of its key companies as it focuses on maximising returns to its shareholders.
Ahead of its annual general meeting, the intellectual property commercialization company said it remains focused on maximising returns to all shareholders from the monetisation of its existing portfolio.
Allied Minds highlighted that actions undertaken in 2018 and in 2019 to-date have "materially" strengthened its technology portfolio. In 2018, the company added Boeing Co, Arm Holdings, Applied Materials, and Sumitomo Corp to its strategic co-investors.
Allied Minds said it is optimistic that each of its investees, including HawkEye 360 Inc, Federated Wireless Inc and Spin Memory Inc, will generate commercial revenue in 2019, with the potential for attractive and valuable growth thereafter.
"We have conviction in our stated strategy to maximise returns to all shareholders by monetising our promising portfolio, taking full advantage of the growth profile of our key companies," said Chair Elect Jeff Rohr.
The stock was trading 2.8% higher on Friday morning in London at 72.99 pence a share.
Allied Minds will release its half-year results on September 19.
