Kasei Holdings Plc Interim Results for the Period Ended 31 January 2022
2022年4月29日 - 5:00PM
ＲＮＳを含む英国規制内ニュース （英語）
TIDMKASH
29 April 2022
KASEI HOLDINGS PLC
("Kasei" or the "Company")
Interim Results for the Period Ended 31 January 2022
Kasei Holdings PLC (AQSE: KASH), a digital asset and web 3.0 investment
company, announces its unaudited financial results for the period ending 31
January 2022.
Highlights:
* The company raised a total of £3,779,870 prior to listing in its 3 November
2021 Aquis IPO.
* The company has executed on its pre-IPO strategy and deployed capital to
build out its portfolio in large cap and early stage projects.
* The company commenced deployment during a down market and so has seen a
fall in the value of some of its holdings on a mark-to-market basis. The
company remains confident of the investments made and has taken advantage
to lower the average cost of a number of investments during this time.
Post-period highlights:
* The company continues to evaluate a number of early stage projects for
investment.
* Commenced staking and yield strategies to generate ongoing recurring
revenues.
* Received further investment of £150,000 from Jane Thomason the company's
Chairperson at 20p per share.
Outlook:
* Web 3.0: The Company's belief in Web 3.0 and blockchain technology holds
firm regardless of the current market conditions and we are excited to see
further use cases and growing adoption of the technology.
Market Size:
The Board believes that the Web 3.0 industry is still in its early stages of
adoption and while it is clear a number of challenges lie ahead both from a
regulatory standpoint and mass adoption the potential opportunity if it takes
hold is a multi-trillion dollar market opportunity. The company believes it has
the expertise to capitalise on these opportunities and to identify and invest
in the companies that will succeed in Web 3 in the future.
Commenting on the results, Brendan Kearns, Chief Financial Officer of Kasei
Holdings said:
"The Company's successful flotation on the AQSE Growth Market was a significant
achievement and the company hopes to leverage its expertise to capitalise on
future opportunities moving forward.
The directors of Kasei Holdings PLC accept responsibility for this
announcement.
I would also like to take this opportunity to thank all our shareholders for
their support.
Brendan Kearns - Chief Financial Officer
For further information please contact:
Jai Patel info@kaseiholdings.com
Chief Investment Officer
First Sentinel
Corporate Adviser +44 7876 888 011
Brian Stockbridge brian@first-sentinel.com
Steve McGlennan stephen.mcglennan@first-sentinel.com
About Kasei:
The Company is a technology specialist investor that focuses on
cryptocurrencies and blockchain technologies.
The Company's goal is to provide investors with broad based exposure to the
fast-growing ecosystem of digital assets, managed using traditional financial
portfolio construction techniques. The Company also intends to invest in
venture capital and private equity investments in the blockchain ecosystem.
The Company will leverage the Board's expertise, experience, and networks in
the cryptocurrency sector and management of digital assets and decentralised
finance, to drive value creation and to establish the business. The Board has a
proven capability in portfolio management to achieve significant growth.
The Company's website is located at https://kaseiholdings.com
Forward Looking Statements
This news release may contain "forward-looking" statements and information
relating to the Company. These statements are based on the beliefs of Company
management, as well as assumptions made by and information currently available
to Company management. The Company does not undertake to update forward-looking
statements or forward-looking information, except as required by law.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to be in the
public domain.
This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.
KASEI HOLDINGS PLC
CONDENSED INCOME STATEMENT
For the period ended 31 January 2022
Notes £
Continuing Operations
Revenue -
Cost of sales -
Gross profit -
Other income / (loss) (547,809)
Administrative expenses
(383,566)
Operating profit / (loss)
(931,375)
Finance costs -
Profit / (loss) before taxation (931,375)
Taxation -
Total comprehensive income for the period
(931,375)
Basic earnings per share from continuing
operations
Basic (pence) 5
(0.03290)
Diluted (pence) 5
(0.03290)
KASEI HOLDINGS PLC
CONDENSED STATEMENT OF FINANCIAL POSITION
For the period ended 31 January 2022
Unaudited
period to
31 January
2022
£
Non-current assets Note
Intangible assets 2,299,153
Investments 7 50,000
2,349,153
Current assets
Cash and cash equivalents 731,300
731,300
Total assets 3,080,453
Current liabilities
Other creditors (6,750)
Accruals (18,008)
Intercompany payables (207,200)
(231,958)
Total liabilities (24,758)
Net assets 2,848,495
Equity attributable to equity
holder:
Share capital 283,117
Share premium 3,496,753
Retained earnings (931,375)
Total equity 2,848,495
KASEI HOLDINGS PLC
CONDENSED STATEMENT OF CHANGES IN EQUITY
For the period ended 31 January 2022
Share Share Retained Total
capital premium earnings equity
£ £ £ £
At 09 July 2021 - - -
Comprehensive - - (931,375) (931,375)
income for the period
Shares issued during 283,117 3,496,753 - 3,779,870
the period
At 31 January 2022 283,117 3,496,753 (931,375) 2,848,495
KASEI HOLDINGS PLC
CONDENSED STATEMENT OF CASH FLOWS
For the period ended 31 January 2022
Unaudited
Year to 31
January
2022
£
Cash flow from operating activities
(Loss) / profit before taxation (931,375)
Operating cash flow before movement in working (931,375)
capital
Increase/(decrease) in trade and other payables 231,959
Cash (used in) / generated from operating activities (699,416)
Taxation paid -
Cash flow from investing activities
Purchase of intangible digital assets (2,299,154)
Purchase of fixed asset investments (50,000)
Net cash used in investing activities
(2,349,154)
Cash flow from financing activities
Issue of ordinary shares 3,779,870
Net cash used in financing activities 3,779,870
Net increase / (decrease) in cash and cash equivalents 731,300
Cash and cash equivalents at beginning of period -
Cash and cash equivalents at end of period 731,300
KASEI HOLDINGS PLC
NOTES TO THE CONDENSED FINANCIAL STATEMENTS
For the period ended 31 January 2021
1. General information
Kasei Holdings plc is a public limited company incorporated on 09 July 2022
within the United Kingdom. The company is domiciled in the United Kingdom and
its principal place of business is 72 Charlotte Street Ground Floor, London,
England, W1T 4QQ. The Company's ordinary shares are traded on the Aquis
Exchange.
These condensed interim financial statements for the period ending 31 January
2022 were approved by the board of directors on 27 April 2022.
The financial information set out in this interim report does not constitute
statutory accounts for the purposes of section 434 of the Companies Act (2006).
The interim financial statements have been prepared using accounting policies
in line with FRS 102, The Financial Reporting Standard applicable in the UK and
Republic of Ireland.
Copies of this interim report can be found on our website at
www.kaseiholdings.com or can be requested from the Company Secretary at the
Company's registered office: 72 Charlotte Street Ground Floor, London, England,
W1T 4QQ.
2. Basis of preparation
These interim financial statements for the period ended 31 January 2022 have
been prepared in accordance with FRS 104, The Financial Reporting Standard
applicable in the UK and Republic of Ireland.
3. Revenue and segmental results
The Company uses several factors in identifying and analysing reportable
segments, including the basis of organisation such as differences in products
and geographical areas. The Board of Directors, being the chief operating
decision makers, has determined that for the period ended 31 January 2022 there
is only one reportable operating segment.
4. Earnings per share
Basic earnings per share is calculated by dividing the profit attributable to
ordinary shareholders by the weighted average number of ordinary shares
outstanding during the year.
Diluted earnings per share are calculated by dividing the profit attributable
to ordinary owners of the parent by the weighted average number of ordinary
shares outstanding during the year plus the weighted average number of ordinary
shares that would have been issued on the conversion of all dilutive potential
ordinary shares into ordinary shares.
The following reflects the income and share data used and dilutive earnings per
share computations:
Unaudited
period to 31 January
2022
Profit / (loss) for the year attributable to £ (931,375)
owners of the Company
Number of shares
Basic weighted average number of shares 28,311,684
Effect of dilutive share options -
Diluted weighted average number of shares 28,311,684
5. Dividends
During the interim period no dividends were declared in respect of the interim
period ended 31 January 2022.
6. Fixed asset investments
Company
Investments
in
subsidiaries
companies
£
Cost or valuation
As at 09 July 2021 -
Additions
50,000
As at 31 January 2022
50,000
Direct subsidiary undertakings
The following were direct subsidiary undertakings of the Company:
Name Registered office Principal Class of Holding
activity shares
Kasei Studio 210 134-146 Non- Ordinary 100%
Curtain
Blockchain Road, London, England, trading
EC2A
Holdings 3AR
Limited
END
(END) Dow Jones Newswires
April 29, 2022 04:00 ET (08:00 GMT)
Kasei (AQSE:KASH)
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から 1 2024 まで 1 2025
