Book value report

RNS Number : 3244C

APQ Global Limited

19 January 2018

 

APQ Global Limited

("APQ Global" or the "Company")

19 January 2018

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 has adopted the US Dollar as its functional and presentational currency, and therefore going forward, will report its book value in US Dollars. The Company hereby announces that as at the close of business on 31 December 2017, the unaudited book value per Ordinary Share was 1.2811 US Dollars. As a reference, the unaudited book values for each of the months reported since admission of the Company's Ordinary Shares to The International Stock Exchange to December 2017 were as follows:

	US Dollars (cents)	Pounds Sterling (pence)	Dividend declared (pence)
30 September 2016	131.80	101.46
31 October 2016	123.34	101.02
30 November 2016	124.68	99.79
31 December 2016	122.52	99.15
31 January 2017	123.25	97.96	0.50
28 February 2017	121.57	97.70
31 March 2017	121.58	97.23
30 April 2017	123.11	95.16	1.50
31 May 2017	124.80	96.67
30 June 2017	127.07	97.82
31 July 2017	126.28	95.78	1.50
31 August 2017	124.34	96.49
30 September 2017	130.06	96.94
31 October 2017	127.89	96.30	1.50
30 November 2017	127.30	93.96
31 December 2017	128.11	94.67

The Company's audited results for the year ended 31 December 2017 will be presented in US Dollars, with comparatives for the year ended 31 December 2016 being presented in both Pounds Sterling and restated in US Dollar.

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Enquiries:

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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. In September 2017, APQ Global Ltd issued 4,018 units of £5,000 nominal 3.5 per cent convertible unsecured loan stock 2024 ("CULS") to raise £20.09 million. Under IFRS, the CULS is a financial instrument and has been accounted for under IAS 32 Financial Instruments: Presentation and IAS 39 Financial Instruments: Recognition and Measurement. 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.

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.

 

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