IamFire PLC - investment issuer focused on the social commerce, life sciences and natural resources sectors - Says on Monday that primary portfolio company WeShop Holdings Ltd reports annualised sales of GBP112.4 million for the quarter ended November 30 are more than triple GBP33.0 million from the quarter ending in May. Platform user numbers increased 52%, "showing strong growth and an increase in spend per customer." IamFire also has extended the conversion date for its convertible loan notes in WeShop, from November 18 to November 24. Executive Director John Taylor says sales figures "are phenomenal and indicate the viral nature of the WeShop proposition...2024 will likely prove to be the seminal year in WeShop’s ambition to gain its own listing and should it do so, IamFire will be in a position to provide our shareholders with a transformational liquidity event."
Current stock price: 1.50 pence
12-month change: down 39%
By Emma Curzon, Alliance News reporter
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