Davictus Regulatory News (DVT)

daVictus plc

("daVictus" or the "Company")

Interim results for the 6 months ended 30 June 2019

Director's Statement

I am pleased to report the condensed interim financial statements of Davictus PLC (the "Company" or "Davictus") for the six months ended 30 June 2019.

On 20 February 2019, The Company has agreed to enter into non-binding conditional heads of term with Typical Dutch N.V. ("TDNV") under which it is proposed that DaVictus acquires the intellectual property rights in a restaurant concept currently owned by TDNV, including their recipes, collection of Cuban/Havana graphics for a restaurant concept branded as HAVANA Rolled Cigar Music Café (or simply the "HAVANA").

The proposed transaction would constitute a reverse takeover under the Financial Conduct Authority's Listing Rules. Accordingly, trading in the ordinary shares of the Company on the London Stock Exchange's main market for listed securities was suspended.

The Board strongly believes this acquisition of the HAVANA will give a positive outlook to the Company and drive shareholder returns. We will continue to oversee performance of our restaurant franchise businesses closely, ensuring that the Company executes its strategy with financial discipline and with integrity.

We are encouraged by both business opportunities and positive start we have made to the current year and we would always remain optimistic in respect of target acquisition.

I look forward to the year ahead with gratitude to our shareholders for their continued support.

Abd Hadi Bin Abd Majid

Chairman

4 September 2019

For the reporting period under review, the Company reported a net loss of £127,453. At 30 June 2019, the Company had cash in bank of £212,167.

There are a number of potential risks and uncertainties which may have material impact on the Company's performance over the remaining six months of the financial year and could cause actual results to differ materially from expected and historical results. The directors do not consider any changes on the principal risks and uncertainties since the publication of the annual report for the year ended 31 December 2018, which contained a detailed explanation of the risks relevant to the Company, is also available at http://www.davictus.co.uk.

The Board looks forward to providing further updates to the shareholders in due course.

Responsibility Statement

The Directors are responsible for preparing the Condensed Interim Financial Statements in accordance with the Disclosure and Transparency Rules of the United Kingdom's Financial Conduct Authority ('DTR') and with International Accounting Standard 34 on Interim Financial Reporting (IAS 34).

The directors confirm that, to the best of their knowledge, this condensed consolidated interim financial statements have been prepared in accordance with IAS 34, as adopted by the European Union. The interim management report includes a fair review of the information required by DTR 4.2.7 and DTR 4.2.8, namely:

·; an indication of important events that have occurred during the first six months and their impact on the condensed set of financial statements, and a description of the principal risks and uncertainties for the remaining six months of the financial year; and

·; material related-party transactions in the first six months and any material changes in the related-party transactions described in the last annual report.

Director

4 September, 2019

CONDENSED STATEMENT OF COMPREHESIVE INCOME

FOR THE SIX MONTHS ENDED 30 JUNE 2019

CONDENSED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2019

CONDENSED STATEMENT OF CASH FLOWS

FOR THE SIX MONTHS ENDED 30 JUNE 2019

CONDENSED STATEMENT OF CHANGES IN EQUITY

FOR THE SIX MONTHS ENDED 30 JUNE 2019

Period from 1 January 2019 to 30 June 2019

Period from 1 January 2018 to 30 June 2018

For the year ended 31 December 2018

NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED 30 JUNE 2019

1. GENERAL INFORMATION

The Company was incorporated and registered in Jersey as a public company limited by shares on 5 February 2015 under the companies (Jersey) Law 1991 and registered number 117716. The registered office of the Company is at the offices of 28 Esplanade, St. Helier, Jersey, JE1 8SB.

2. ACCOUNTING POLICIES

Basis of preparation

The condensed interim financial statements for the six month period ended 30 June 2019 have been prepared in accordance with IAS 34 Interim Financial Reporting. It is unaudited and does not constitute statutory financial statements. The comparative interim financial information covers the period ended 30 June 2018.

The condensed interim financial statements have been prepared on a basis consistent with, and on the basis of, the accounting policies set out in the audited financial statements of the Company for the year ended 31 December 2018, which have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union.

The condensed interim financial information is presented in British Pound Sterling ("£").

Going concern

The condensed interim financial statements have been prepared on a going concern basis, which assumes that the Company will continue to be able to meet its liabilities as they fall due for the foreseeable future.

3. INCOME TAX EXPENSE

The Company is not a "Financial Services Company" registered under the relevant Jersey laws; or a specified utility company and therefore it is subject to Jersey income tax at the general rate of 0 per cent. If the Company derives any income from Jersey property, including development of land or quarrying, such income will be subject to tax at the rate of 20 per cent. It is not expected that the Company will derive any such income.

4. LOSS PER SHARE

Basic loss per ordinary share is calculated by dividing the loss attributable to equity holders of the company by the weighted average number of ordinary shares in issue during the period. Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares. There are currently no dilutive potential ordinary shares.

5. STATED CAPITAL

6. RELATED PARTY TRANSACTION

The directors are considered to be the key management personnel. Details concerning Directors remuneration can be found below:

7. SEASONAL OR CYCLICAL FACTORS

There are no seasonal factors that materially affect the operations of the company in the Group.

8. SUBSEQUENT EVENTS

There are no subsequent events requiring disclosure in these interim financial statements.