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Interim Results

30 Sep 2019 07:00

RNS Number : 0381O
Veltyco Group PLC
30 September 2019
 

30 September 2019

 

VELTYCO GROUP PLC

("Veltyco" or "the Group" or "the Company")

 

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019

 

Veltyco Group plc (AIM:VLTY), the online marketing and operating company for the gaming industry, announces its unaudited interim results for the six months ended 30 June 2019.

 

Financial overview

·; Revenues for continuing businesses decreased slightly to €1.8 million (H1 2018: €2.1 million) due to some large customer wins in May and June 2019

·; Net loss after tax amounted to €1.0 million (H1 2018: profit of €3.3 million)

·; Completed raising of €1.355 million during the period to provide working capital

- Raised a further €300k in September 2019 pursuant to a convertible loan

 

Operational overview

·; Paul Duffen joined the Board as Non-executive Chairman in January 2019, before being appointed Executive Chairman in March 2019

·; Streamlined operational structure to match the revised business model, which is now focused on its sportsbook and casino operations through Bet90 and marketing activities for the Betsafe brand in Germany

 

Commenting on the results, Paul Duffen, Executive Chairman, said: "2019 has been a very challenging period for the Group, with a focus on operational restructuring following termination of non-cash generating activities in the online financial trading vertical in the second half of 2018. We have made good progress and will continue to focus on expanding the operations of Bet90 and Betsafe."

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

For further information please contact:

 

Veltyco Group Plc

+44 (0)1624 605 764

Paul Duffen, Chairman

 

Marcel Noordeloos, Chief Financial Officer

 

 

 

Strand Hanson Limited (Nominated Adviser)

+44 (0)20 7409 3494

James Harris / Richard Tulloch / James Dance

 

 

 

Whitman Howard Ltd (Broker)

+44 (0)20 7659 1234

Nick Lovering / Christopher Furness

 

 

 

IFC Advisory (Financial PR & IR)

+44 (0)20 3934 6630

Graham Herring / Tim Metcalfe / Zach Cohen

 

 

About Veltyco

Veltyco is a group of companies focused on the operation of its own online Sportsbook and Casino product as well as marketing activities for other online gaming companies.

 

Website: www.veltyco.com

 

 

 

CHAIRMAN'S STATEMENT

 

I hereby present the unaudited interim results for the six months ended 30 June 2019, which consolidate the results of Veltyco Group plc ("Veltyco" or "the Company") and its subsidiaries ("the Group").

 

Business

As communicated in our accounts for the year ended 31 December 2018, the Group is now focused on its sportsbook and casino operations in which the Group undertakes marketing activities for the Betsafe brand in Germany and operates our own Bet90 sportsbook and casino business, in which we have a 51% interest. This follows the Company's decision to cease all of the Group's marketing activities in the online financial trading and lottery verticals towards the end of 2018, which resulted in the full impairment of the Group's outstanding receivable balance of €10.7 million in the 2018 accounts in respect of such activities.

 

I was appointed as Non-executive Chairman on 30 January 2019, following Gilles Ohana decision to step down from the Board. On 7 March 2019, I assumed the role of Executive Chairman.

 

Following these changes, the Company's Board and management team now consists of Paul Duffen (Executive Chairman), Rainer Lauffs (Executive Director and COO), Marcel Noordeloos (Executive Director and CFO) and Mark Rosman (Non-Executive Director). The composition of the Board will continue to be reviewed as the business develops.

 

Financial review and outlook

Revenue for the first six months of 2019 amounted to €1.8 million. Although the reported revenue for H1 2018 amounted to €8.9 million, the H1 2018 revenue for the continuing businesses amounted to €2.1 million. This was a small decrease due to a number of large winners, which did not occur in 2018, across the Group's sportsbook and casino activities, which significantly impacted the revenue and the net result for the period.

 

As a result of the refocusing of the Group on its sportsbook and casino operations, the Directors sought to restructure the Group's operating costs to match current operations during the first half year of 2019 and these activities are ongoing. This has included the Group now taking in-house the operations for its service centre, previously outsourced to a third party. As a result, the Group now has a fully dedicated in-house team focused on the Group's Bet90 operations and the provision of customer service and player retention activities. This affords the Group a more efficient resource to focus on growing the Bet90 activities. Despite these measures, the Group reported a loss for the first six months of 2019 of €1.0 million.

 

During the period the Company completed a number of fundraises to provide additional working capital, raising €555,500 (£500,000) via an issue of new ordinary shares in January 2019, a loan from certain Directors amounting to €500,000 in April 2019 and €300,000 through the issue of new ordinary shares in May 2019. Following the period end, the Company raised a further €300,000 in September 2019 through the issue of a three year unsecured convertible loan, with a 10% coupon, with an existing investor.

 

Whilst trading since the end of June 2019 has been in line with the Board's expectations, as set out in its 2018 Accounts, the Group continues to be reliant on being able to manage its creditors, which continue to be meaningfully in excess of the Group's current cash resources. Whilst the Group has sought to reduced its operating costs to match its current operations, including accruing Directors' salaries until further funding is secured, the Group has continued to be loss making on a monthly basis, though the Directors expect this to improve going forward. The Directors continue to manage the Group's cash resources carefully, and whilst they believe that the Group will be able to continue to manage its creditors, should trading not be in line with expectations going forward and/or the Group is not able to manage its creditors, the Group's ability to meet such liabilities may be impacted. Accordingly, the Directors continue to explore further appropriate sources of capital.

 

Paul J. Duffen

Executive Chairman

27 September 2019

 

 

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

 

 

 

Unaudited

 

Unaudited

 

Audited

 

 

Period ended

 

Period ended

 

Year ended

 

 

30 June

 

30 June

 

31 December

 

 

2019

 

2018

 

2018

Note

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

 

 

 

 

Revenues

 

1,808,222

 

2,103,342

 

4,686,923

Cost of Sales

 

(982,570)

 

(656,921)

 

(1,337,518)

Gross profit

 

825,652

 

1,446,421

 

3,349,405

 

 

 

 

 

 

 

Salary expense

 

(576,822)

 

(491,197)

 

(1,222,887)

Marketing and selling expense

 

(575,073)

 

(1,329,744)

 

(2,945,609)

General administrative expense

 

(704,734)

 

(912,926)

 

(1,497,148)

Depreciation, amortisation and impairment expense

 

(48,327)

 

(60,414)

 

(128,850)

Total administrative expenses

 

(1,904,956)

 

(2,794,281)

 

(5,794,494)

Operating loss

 

(1,079,304)

 

(1,347,860)

 

(2,445,089)

 

 

 

 

 

 

 

Financial (expense)/income

 

(1,606)

 

25,988

 

38,851

(Loss) before tax

 

(1,080,910)

 

(1,321,872)

 

(2,406,238)

Taxation

 

93,735

 

(83,767)

 

(52,933)

(Loss) for the period from continuing operations

 

(987,175)

 

(1,405,639)

 

(2,459,171)

 

 

 

 

 

 

 

Discontinued operations

 

 

 

 

 

 

Profit/(loss) for the period from discontinued operations

 

3

-

 

4,659,065

 

(14,244,131)

Profit/(loss) for the period

 

(987,175)

 

3,253,426

 

(16,703,302)

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

Equity holders of the Company

 

(891,292)

 

4,021,473

 

(15,177,112)

Non-controlling interests

 

(95,883)

 

(768,047)

 

(1,526,190)

 

 

(987,175)

 

3,253,426

 

(16,703,302)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss)/earnings per share attributable to equity holders of the Company

 

 

Continuing operations

 

 

 

 

 

 

- Basic (in €)

2

(0.0113)

 

(0.0085)

 

(0.0125)

- Diluted (in €)

2

(0.0113)

 

(0.0085)

 

(0.0125)

 

 

 

 

 

 

 

Continuing and discontinued operations

 

 

 

 

 

 

- Basic (in €)

2

(0.0113)

 

0.0538

 

(0.2029)

- Diluted (in €)

2

(0.0113)

 

0.0538

 

(0.2029)

          

 

 

 

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

 

 

 

Unaudited

 

Unaudited

 

Audited

 

 

30 June

 

30 June

 

31 December

 

 

2019

 

2018

 

2018

Note

 

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

 

 

 

Goodwill

 

1,410,931

 

1,743,485

 

1,410,931

Other intangible assets

5

1,384,217

 

7,785,567

 

1,431,925

Investments

 

-

 

25,000

 

-

Property, plant and equipment

 

619

 

1,800

 

1,238

Total non-current assets

 

2,795,767

 

9,555,852

 

2,844,094

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

Trade and other receivables

6

921,613

 

12,568,743

 

854,215

Cash and cash equivalents

 

189,975

 

1,019,231

 

1,031,071

Total current assets

 

1,111,588

 

13,587,974

 

1,885,286

Total assets

 

3,907,355

 

23,143,826

 

4,729,380

 

 

 

 

 

 

 

Equity and liabilities

 

 

 

 

 

 

Share capital

 

-

 

-

 

-

Additional paid-in capital

 

14,644,702

 

13,736,202

 

14,344,702

Reverse asset acquisition reserve

 

(6,046,908)

 

(6,046,908)

 

(6,046,908)

Retained earnings

 

(6,110,582)

 

14,071,308

 

(5,262,376)

Equity attributable to owners of the parent

 

2,487,212

 

21,760,602

 

3,035,418

Non-controlling interests

 

(1,507,461)

 

(585,080)

 

(1,411,578)

Total shareholders' equity

 

979,751

 

21,175,522

 

1,623,840

 

 

 

 

 

 

 

Non-current liabilities

 

 

 

 

 

 

Borrowings

 

528,230

 

27,480

 

27,858

Total non-current liabilities

 

528,230

 

27,480

 

27,858

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

Trade and other payables

 

2,399,374

 

1,940,824

 

3,077,682

Total current liabilities

 

2,399,374

 

1,940,824

 

3,077,682

Total equity and liabilities

 

3,907,355

 

23,143,826

 

4,729,380

 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

 

 

 

 

 

 

 

Other reserves -

 

 

 

 

 

 

 

 

 

 

Share

capital

 

Additional

paid in

capital

 

Reverse asset acquisition reserve

 

Retained

earnings

 

Total

 

Non-controlling

interest

 

Total

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as at 1 January 2018

 

 -

 

13,665,233

 

(6,046,908)

 

9,948,904

 

17,567,229

 

182,967

 

17,750,196

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Profit for the financial period

 

-

 

-

 

-

 

4,021,473

 

4,021,473

 

(768,047)

 

3,253,426

Share based payments

 

-

 

-

 

-

 

100,931

 

100,931

 

-

 

100,931

Issue of share capital

 

-

 

70,969

 

-

 

-

 

70,969

 

-

 

70,969

Balance as at 30 June 2018

 

 -

 

13,736,202

 

(6,046,908)

 

14,071,308

 

21,760,602

 

(585,080)

 

21,175,522

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as at 1 January 2018

 

 -

 

13,665,233

 

(6,046,908)

 

9,948,904

 

17,567,229

 

182,967

 

17,750,196

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) for the financial period

 

-

 

 

 

-

 

(15,177,112)

 

(15,177,112)

 

(1,526,190)

 

(16,703,302)

Dividend paid

 

-

 

 

 

-

 

(210,912)

 

(210,912)

 

(68,355)

 

(279,267)

Share based payment

 

-

 

 

 

-

 

176,744

 

176,744

 

-

 

176,744

Shares to be issued

 

-

 

555,500

 

-

 

-

 

555,500

 

-

 

555,500

Issue of share capital

 

-

 

123,969

 

-

 

-

 

123,969

 

-

 

123,969

Balance as at 31 December 2018

 

 

14,344,702

 

(6,046,908)

 

(5,262,376)

 

3,035,418

 

(1,411,578)

 

1,623,840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) for the financial period

 

-

 

-

 

-

 

(891,292)

 

(891,292)

 

(95,883)

 

(987,175)

Share based payment

 

-

 

-

 

-

 

43,086

 

43,086

 

-

 

43,086

Issue of share capital

 

-

 

300,000

 

-

 

-

 

300,000

 

-

 

300,000

Balance as at 30 June 2019

 

 -

 

14,644,702

 

(6,046,908)

 

(6,110,582)

 

2,487,212

 

(1,507,461)

 

979,751

 

CONSOLIDATED STATEMENT OF CASH FLOWS

 

 

 

Unaudited

 

Unaudited

 

Audited

 

 

30 June

 

30 June

 

31 December

 

 

2019

 

2018

 

2018

 

 

 

 

note

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

 

Operating (loss)/profit

 

(1,079,304)

 

3,711,205

 

(17,297,953)

Adjustments for:

 

 

 

 

 

 

Share based payments

 

43,086

 

100,929

 

176,744

Depreciation

 

619

 

730

 

1,292

Amortisation of intangibles

 

47,706

 

199,780

 

403,222

Impairment of intangibles

 

-

 

-

 

6,482,752

Bad debt impairment

 

-

 

-

 

10,737,715

Cash flow from operations before working capital changes

 

(987,893)

 

4,012,644

 

503,772

 

 

 

 

 

 

 

(Increase)/decrease in trade and other receivables

 

(67,398)

 

(4,598,547)

 

(1,058,697)

(Decrease)/increase in trade and other payables

 

(585,805)

 

859,242

 

533,580

Cash flow from operations

 

(1,641,096)

 

273,339

 

(21,345)

 

 

 

 

 

 

 

Tax (paid)/received

 

-

 

(51,257)

 

(86,823)

Cash flow from operating activities

4

(1,641,096)

 

222,082

 

(108,168)

 

 

 

 

 

 

 

Cash flow from investing activities

 

 

 

 

 

 

Interest received

 

-

 

25,988

 

38,851

Net cash inflow/(outflow) from investing activities

 

-

 

25,988

 

38,851

 

 

 

 

 

 

 

Cash flow from financing activities

 

 

 

 

 

 

Proceeds of issue of new shares

 

300,000

 

70,969

 

679,469

Dividends paid

 

-

 

-

 

(279,273)

Loans received

 

500,000

 

-

 

-

Net cash inflow from financing activities

 

800,000

 

70,969

 

400,196

 

 

 

 

 

 

 

Net (decrease)/ increase in cash and cash equivalents

 

(841,096)

 

319,039

 

330,879

Cash and cash equivalents at start of period

 

1,031,071

 

700,192

 

700,192

Cash and cash equivalents at end of period

 

189,975

 

1,019,231

 

1,031,071

 

 

 

NOTES TO THE UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED 30 JUNE 2019

 

 

1. Basis of preparation

The interim consolidated financial statements incorporate the results of Veltyco Group plc (the "Company") and entities controlled by the Company (its subsidiaries) (collectively the "Group").

 

The interim consolidated financial statements are unaudited, do not constitute statutory accounts and were approved by the Board of Directors on 27 September 2019. The auditor's report on the year ended 31 December 2018 financial statements was unqualified, though it made reference to a material uncertainty in relation to going concern. The year ended 31 December 2018 Annual Report and financial statements is available on the Company's website.

 

The preparation of unaudited interim consolidated financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates.

 

In preparing the unaudited interim consolidated financial statements, the significant judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as at and for the year ended 31 December 2018.

 

The unaudited interim financial information in this report has been prepared using accounting policies consistent with IFRS as adopted by the European Union. IFRS is subject to amendment and interpretation by the International Accounting Standards Board (IASB) and the IFRS Interpretations Committee and there is an ongoing process of review and endorsement by the European Commission. These policies are consistent with those to be adopted in the Group's consolidated financial statements for the year ended 31 December 2018. The accounting policies applied by the Group in this interim report are the same as those applied by the Group in the consolidated financial statements for the year ended 31 December 2018, with the exception of the adoption of IFRS 16. The adoption of this standard has not had a material effect on the accounting policies of the Group.

 

The principal risks and uncertainties of the Group have not changed since the last annual financial statements for the year ended 31 December 2018, where a detailed explanation of such risks and uncertainties can be found.

 

 

 

2. Earnings per share

The calculation of earnings per share is based on the following earnings and number of shares.

 

 

6 months

ended

30 June 2019

 

6 months ended30 June 2018

 

Year ended31 December 2018

 

 

 

Earnings

 

 

 

 

 

Earnings for the purpose of basic and diluted earnings per shares being net profit attributable to equity shareholders

 

 

 

 

 

- Continuing operations

(891,292)

 

(1,405,639)

 

(2,459,171)

- Discontinued operations

-

 

4,659,065

 

(14,244,131)

- Continuing and discontinued operations

(891,292)

 

3,253,426

 

(16,703,302)

 

 

 

 

 

 

Number of shares

 

 

 

 

 

Weighted average number of ordinary shares for the purposes of basic earnings per share

 

78,567,270

 

74,689,492

 

74,819,180

Weighted average number of dilutive share options

-

 

5,517,844

 

-

 

Weighted average number of ordinary shares for the purposes of diluted earnings per share

 

78,567,270

 

 

80,207,336

 

 

74,819,180

 

 

 

 

 

 

Earnings / (loss)per share from discontinued operations

 

 

 

 

Basic earnings / (loss per share (in € )

-

 

0.0623

 

(0.1904)

Diluted earnings / (loss per share (in € )

-

 

0.0581

 

(0.1904)

 

The calculation of diluted earnings per share assumes conversion of all potentially dilutive ordinary shares, all of which arise from share options and/or warrants. A calculation is performed to determine the number of share options that are potentially dilutive based on the number of shares that could have been acquired at fair value, considering the monetary value of the subscription rights attached to outstanding share options.

 

3. Discontinued operations

During the second half of 2018, the Group terminated its marketing agreements related to the online financial trading and the lottery verticals. The Group has not recorded any further revenues after July 2018 and used the months after the termination to restructure the operational structure. The Group now believe the online financial trading and lottery verticals to be discontinued.

 

The results of these discontinued activities were as follows:

 

 

6 months

ended

30 June 2019

 

6 months ended30 June 2018

 

Year ended31 December 2018

 

 

 

 

 

 

 

 

 

Revenue

-

 

6,780,282

 

6,947,250

Administrative expenses

-

 

(1,721,302)

 

(21,800,114)

Profit/(loss) from operations

-

 

5,058,980

 

(14,852,864)

 

 

 

 

 

 

Profit/(loss) on disposal of discontinued operations

-

 

-

 

-

 

 

 

 

 

 

Profit/(loss) before tax

-

 

5,058,980

 

(14,852,864)

Tax charge

-

 

(399,915)

 

608,733

 

 

 

 

 

 

Profit/(loss) after tax

-

 

4,659,065

 

(14,244,131)

 

4. Cash generated from/(used in) continuing operations

 

 

6 months

ended

30 June 2019

 

6 months ended30 June 2018

 

Year ended31 December 2018

 

 

 

 

 

 

 

 

 

Operating profit/(loss)

(1,079,304)

 

(1,347,860)

 

(2,445,089)

Share based payments

43,086

 

100,929

 

176,744

Depreciation and amortisation charge

48,325

 

60,414

 

128,850

(Increase)/decrease in receivables

(67,398)

 

(420,282)

 

(521,596)

Increase/(decrease) in payables

(585,805)

 

(581,928)

 

934,826

 

Cash generated from/(used in) continuing operations

 

(1,641,096)

 

 

(2,188,727)

 

 

(1,726,265)

 

 

 

 

 

 

Cash generated from/(used in) discontinued operations

-

 

2,462,066

 

1,704,920

 

Tax paid

 

-

 

 

 

(51,257)

 

 

(86,823)

 

(1,641,096)

 

222,082

 

(108,168)

 

5. Impairment of intangible fixed assets

During the year ended 31 December 2018, the Group recorded an impairment charge on the Intangible assets related to the online financial trading and lottery verticals, amounting to €6,482,752.

 

 

6. Trade and other receivables

During the year ended 31 December 2018, the Group recorded an impairment charge for potential recoverability problems on the receivables, amounting to €10,712,715. A provision for impairment of trade receivables is established using an expected loss model. Expected loss is calculated from a provision matrix based on the expected lifetime default rates and estimates of loss on default.

 

7. Significant events during the reporting period

On 30 January 2019, the Company announced that it had raised £500,000 by issuing 3,333,333 new ordinary shares to certain existing investors, at a price of £0.15 (15p) per share. Furthermore, the Company announced on the same day that Paul Duffen joined the Board as Non-Executive Chairman. Gilles Ohana, stepped down from the Board on the same day.

 

On 15 February 2019, the Company announced that it had granted options over, in aggregate, 2,420,000 ordinary shares to the Directors and certain employees of the Company. The new options have an exercise price of 15p (£0.15) per share and vest in accordance with the terms of Company's Long Term Incentive Plan. On the same day, a total of 600,000 options granted to Directors on 5 July 2017 were cancelled. In addition, 109,846 existing warrants that were granted by the Company on 5 October 2017, have had the terms amended, such that they will now be exercisable at a price of 15p (£0.15) per share.

 

On 7 March 2019, the Company announced that Paul Duffen was appointed as Executive Chairman.

 

On 1 April 2019, the Group announced that it had entered into separate loan agreements with three of its Directors, being Paul Duffen, Marcel Noordeloos and Mark Rosman, pursuant to which each Director provide a loan of €166,667 to the Company, totalling €500,000.

 

On 30 May 2019, the Company announced that it had raised €300,000 from an existing investor by issuing 4,000,000 new ordinary shares, at a price of 6.6p (£0.066).

 

8. Subsequent events

 

Fundraise

On 16 September 2019, the Company announced that it had raised €300,000 through the issue of a three year unsecured convertible loan, with a 10% coupon, to an existing investor.

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
 
 
IR SELFAWFUSELU
Date   Source Headline
25th Mar 20247:00 amRNSTR-1
25th Mar 20247:00 amRNSTR-1
5th Mar 20247:00 amRNSDirector Dealings
1st Mar 20247:00 amRNSTR-1
1st Feb 20247:00 amRNSTrading Update
22nd Jan 20242:30 pmRNSDirector Dealings
8th Nov 20237:00 amRNSShift to B2B Operations: Relaunch of Bet90.com
30th Oct 20237:00 amRNSGrant of Options
28th Sep 20237:00 amRNSUnaudited Interim Results
15th Sep 20237:00 amRNSPlacing and Subscription, Conversion of CLNs
14th Aug 20237:00 amRNSAppointments: NED; Chief Finance, M&A Dev. Officer
31st Jul 20233:14 pmRNSResult of AGM
17th Jul 202311:28 amRNSPosting of AGM Notice
13th Jul 20237:00 amRNSFURTHER RE SUBSCRIPTION
12th Jul 20237:00 amRNSAcquisition of Emwys; Licence Agreement; CLN issue
30th Jun 20237:01 amRNSFundraising and Board Changes
30th Jun 20237:00 amRNSFinal Results
6th Jun 20237:00 amRNSAppointment of New Broker
28th Apr 20235:02 pmRNSDirector’s purchase of shares
21st Apr 20231:21 pmRNSDirector’s purchase of shares
19th Apr 20237:00 amRNSGrant of Options
5th Apr 20232:10 pmRNSRaise of a further £1.1 million
20th Mar 20234:35 pmRNSPrice Monitoring Extension
21st Feb 20232:05 pmRNSSecond Price Monitoring Extn
21st Feb 20232:00 pmRNSPrice Monitoring Extension
7th Feb 20237:00 amRNSMark Blandford Appointed as Strategic Adviser
6th Feb 20237:00 amRNS£0.5 million Raise and Trading Update
3rd Feb 20237:00 amRNSChange of Adviser
23rd Dec 20227:00 amRNSB90 raises £0.5 million via Convertible Loan Notes
7th Nov 202211:43 amRNSAdjournment of Requisitioned EGM
7th Nov 20227:35 amRNSWithdrawal of Requisition and Directorate Changes
18th Oct 20227:00 amRNSDirector Dealing
17th Oct 202212:18 pmRNSPublication of Circular and Notice of EGM
27th Sep 20222:52 pmRNSUpdate to Requisition to Convene Extraordinary GM
26th Sep 20227:00 amRNSAppointment of Independent Non-Executive Director
23rd Sep 20227:00 amRNSUNAUDITED INTERIM RESULTS
23rd Sep 20227:00 amRNSUNAUDITED INTERIM RESULTS
20th Sep 20223:33 pmRNSExtraordinary General Meeting
14th Sep 20222:22 pmRNSResult of AGM
9th Sep 20227:00 amRNSSubscription to raise £305,000
31st Aug 20227:00 amRNSPosting of AGM Notice
1st Jul 20227:00 amRNSAppointment of New Broker
22nd Jun 20227:00 amRNSGrant of Options
21st Jun 20227:02 amRNSAcquisition of T4U Marketing Ltd
21st Jun 20227:00 amRNSFinal Results
16th May 20227:00 amRNSSubscription and Board Appointment
13th May 20224:03 pmRNSOddsen Acquisition Update
22nd Dec 20217:00 amRNSAcquisition
9th Dec 20217:00 amRNSBoard Changes
1st Oct 20212:31 pmRNSGrant of Options

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