Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
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  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Early Equity Plc (EEQP)

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Friday 29 January, 2016

Early Equity Plc

Audited Results for the Year Ending 31 August 2015

29 January 2016

Early Equity Plc
("Early Equity" or "the Company")

AUDITED RESULTS FOR THE YEAR ENDING 31 AUGUST 2015

CHAIRMAN’S STATEMENT

I am pleased to present the financial results for Early Equity Plc for the year ended 31 August 2015. The total comprehensive loss for the year was £123,814 (2014 - £102,017 loss). The loss per share was 0.03p (2014 – 0.04p). The loss before tax of £123,814 (2014 - £102,017 loss) largely reflects the costs of maintaining a public listing. In the past year, the Directors have succeeded in reducing operating expenses to a minimum.

On 16 February 2015, the Company completed an equity subscription to raise £250,000 (gross of expenses) though the issue of 250,000,000 new ordinary shares at a price of 0.1 pence per share. The funds raised will be used by the Company for additional working capital and to evaluate potential investments.

On 16 July 2015, the Company invested £25,000 in Devilfish Poker Limited ("Devilfish"), an online gaming platform that re-launched following completion of a crowd-funding. We have also agreed to work with Devilfish as a strategic partner as Devilfish prepares to expand into international markets, particularly in the Asia Pacific Region. As a result of the investment and the terms of the strategic partnership agreement, the Company holds 277,776 ordinary shares in Devilfish, representing 5% of the issued share capital of Devilfish. Devilfish Poker Limited was founded in 2005 and it is a niche brand in the world of online poker. Devilfish facilitates ‘peer to peer’ poker play through its own online poker room and generates revenue by charging a small commission on every hand played, as well as entry fees into specific poker tournaments. In December 2015, the system went live for casino and slot machines, taking real money and facilitating real bets. Devilfish are now concentrating on getting the Poker live as soon as the second licence is granted.

At year end, the value of our investment portfolio stood at £172,637 (2014 - £156,050). The Company continue to hold shares in Universal Outdoor Group Plc (previously known as Tangibal Group Plc) (quoted on the Frankfurt Börse), Alpha Prospects Plc and BWA Group Plc (quoted on ISDX and temporarily suspended). The Directors will continue to seek opportunities to realise these investments.

POST-BALANCE SHEET EVENTS

On the 1 December 2015, the Company acquired a 32.14% stake in Yicom Global Sdn. Bhd. ("Yicom”) satisfied by the issue of 100,000,000 new ordinary shares. Yicom is the sole importer and patent holder of a series of healthcare products from various countries and in particular China. Yicom has a Sole Distributorship Agreement with Early Infinity Holdings Sdn. Bhd. a direct sales company holding licences to operate a multi-level marketing business in Malaysia. Yicom started trading in February of last year and the rate of turnover has increased each month as new distributors have been recruited. Early Infinity Holding Sdn Bhd currently have 700 Agents selling their products in Asia and the Directors of Yicom believe there is scope to increase this number to 10,000 over the next three years as they expand their business in the Malaysian market and expand into China and Thailand.

On 15 December 2015, the Company completed a further equity subscription to raise £157,500 (gross of expenses), through the issue of 35,000,000 new ordinary shares of 0.1 pence each at a placing price of 0.45 pence per new ordinary share.

On behalf of the Board, I would like to take this opportunity to thank shareholders and professional advisers for their continued support of the Company.

Chua Siew Lian - Executive Director

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 AUGUST, 2015
2015 2014
GBP GBP
CONTINUING OPERATIONS
TURNOVER - -
ADMINISTRATIVE EXPENSES  (114,945)  (97,501)
OTHER OPERATING EXPENSES (8,413) (4,164)
FINANCE COSTS (456) (352)
(LOSS) BEFORE TAX (123,814)  (102,017)
INCOME TAX - -
(LOSS) FOR THE YEAR £(123,814) £(102,017)
OTHER COMPREHENSIVE INCOME
Reclassification of fair value gain on disposal
of available-for-sale financial assets
- -
TOTAL COMPREHENSIVE LOSS FOR THE YEAR £(123,814) £(102,017)
BASIC AND DILUTED LOSS PER SHARE (PENCE) (0.03) (0.04)

   

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST, 2015
2015 2014
GBP GBP
NON-CURRENT ASSETS
Available-for-sale financial assets 172,637 156,050
CURRENT ASSETS
Trade and other receivables 6,682 8,877
Cash and cash equivalents 39,499 9,399
46,181 18,276
CURRENT LIABILITIES
Trade and other payables (10,105) (91,799)
NET CURRENT (LIABILITIES)/ASSETS 36,076 (73,523)
NET ASSETS £208,713 £82,527
REPRESENTING:-
Share capital 674,623 424,623
Share premium 211,090 211,090
Fair value reserve 49,031 49,031
Accumulated losses (726,031) (602,217)
SHAREHOLDERS’ FUNDS £208,713 £82,527

This financial information has been extracted from the audited financial statements of the Group for the year ended 31 August 2015. The financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS). A copy of the Company's financial statements for the year ended 31 August 2015 will be posted to shareholders and will be delivered to the Registrar of Companies.

The Directors do not propose to pay a dividend for the year.

The Directors of the Company accept responsibility for this announcement.

--ENDS--

Enquiries:

Early Equity Plc
Tel:  +44 (0)7830 182501
Greg Collier

ISDX CORPORATE ADVISER:   

Alexander David Securities Limited 
David Scott - Corporate Finance / James Dewhurst - Institutional Sales 
Telephone: +44 (0) 20 7448 9820 

http://www.ad-securities.com 

49 Queen Victoria Street, London EC4N 4SA


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