Anemoi International Ltd (AMOI)
Anemoi International Ltd
Anemoi International Ltd (Reuters: AMOI.L, Bloomberg: AMOI:LN) ("Anemoi" or the "Company")
Interim Results for the period ended 30 June 2023
The Company is pleased to announce its results for the six months ended 30 June 2023. The interim results have been submitted to the FCA and will shortly be available on the Company’s website: www.anemoi-international.com
Chairman’s Statement Anemoi is pleased to announce its unaudited interim results for the six months to 30 June 2023. I am pleased to report a significant increase in H1 Revenues (+75%) and Gross Profit (+246%), however, Revenue is not yet sufficient to support the cost of running a public company, notwithstanding a 15% reduction in General and Administrative Costs, resulting in a 31% reduction in Operating Loss for the period under review. Initiatives taken in the first half of 2023 should further reduce costs in H2 2023 and the Board will continue to explore avenues to enhance shareholder value.
Duncan Soukup Chairman Anemoi International Ltd 28 September 2023
Responsibility Statement
We confirm that to the best of our knowledge: a) the condensed set of financial statements has been prepared in accordance with IAS 34 'Interim Financial Reporting'; b) the interim management report includes a fair review of the information required by DTR 4.2.7R (indication of important events during the first six months and description of principal risks and uncertainties for the remaining six months of the year); and c) the interim management report includes a fair review of the information required by DTR 4.2.8R (disclosure of related parties' transactions and changes therein). Cautionary statement This Interim Management Report (IMR) has been prepared solely to provide additional information to shareholders to enable them to assess the Company’s strategy and the potential for that strategy to succeed. The IMR should not be relied on by any other party or for any other purpose.
Duncan Soukup Chairman Anemoi International Ltd 28 September 2023 Unaudited Condensed Statement of Income For the six months ended 30 June 2023
The notes on pages 11 to 15 form an integral part of this consolidated interim financial information.
For the six months ended 30 June 2023
The notes on pages 11 to 15 form an integral part of this consolidated interim financial information.
Unaudited Condensed Statement of Financial Position As at 30 June 2023
The notes on pages 11 to 15 form an integral part of this consolidated interim financial information.. These financial statements were approved by the board 28 September 2023 Signed on behalf of the board by:
Duncan Soukup
For the six months ended 30 June 2023
The notes on pages 11 to 15 form an integral part of this consolidated interim financial information.
Unaudited Condensed Statement of Changes in Equity For the six months ended 30 June 2023
The notes on pages 11 to 15 form an integral part of this consolidated interim financial information.
Anemoi International Ltd (the “Company”) is a British Virgin Island (“BVI”) International business company (“IBC”), incorporated and registered in the BVI on 6 May 2020. The Company is a holding company actively seeking investment opportunities. id4 AG is a wholly owned subsidiary of Anemoi and was formed as part of the merger of the former id4 AG (“id4”) with and into its parent, Apeiron Holdings AG on 14 September 2021. id4 was incorporated and registered in the Canton of Lucerne in Switzerland in April 2019 whilst Apeiron Holdings AG was incorporated and registered in December 2018. Following the merger, Apeiron Holdings AG was renamed id4 AG. On the 17th December 2021, the entire share capital of id4 AG was purchased by Anemoi International Ltd. Id4 CLM (UK) Ltd is a wholly owned subsidiary of Anemoi, incorporated on 26 November 2021 in England and Wales. Id4 CLM (UK) Ltd is a private limited company, limited by shares.
2 .Significant Accounting policies The Group financial statements consolidate those of the Company and its subsidiaries (together referred to as the “Group”). The Group prepares its accounts in accordance with applicable UK Adopted International Accounting Standards “IFRS”. The financial statements are expressed in GBP. The accounting policies applied by the Company in this unaudited consolidated interim financial information are the same as those applied by the Company in its consolidated financial statements as at 31 December 2022. The financial information has been prepared under the historical cost convention, as modified by the accounting standard for financial instruments at fair value. The condensed consolidated interim financial information for the six months ended 30 June 2023 has been prepared in accordance with International Accounting Standard No. 34, ‘Interim Financial Reporting’. They do not include all of the information required for full annual financial statements and should be read in conjunction with the consolidated financial statements of the Company as at and for the year ended 31 December 2022. These condensed interim financial statements for the six months ended 30 June 2023 are unaudited and do not constitute full accounts. The independent auditor’s report on the 2022 financial statements was not qualified.
The financial information has been prepared on the going concern basis as management consider that the Company has sufficient cash to fund its current commitments for the foreseeable future.
Notes to the Condensed Financial Information Continued
Notes to the Condensed Financial Information Continued
For impairment testing purposes, management considers the operations of the Company to represent a single cash generating unit (CGU), providing software and digital solutions to the financial services industry. The directors have assessed the recoverable amount of goodwill which in accordance with IAS 36 is the higher of its value in use and its fair value less costs to sell (fair value), in determining whether there is evidence of impairment.
Notes to the Condensed Financial Information Continued
Under the Company’s articles of association, the Board is authorised to offer, allot, grant options over or otherwise dispose of any unissued shares. Furthermore, the Directors are authorised to purchase, redeem or otherwise acquire any of the Company’s own shares for such consideration as they consider fit, and either cancel or hold such shares as treasury shares. The directors may dispose of any shares held as treasury shares on such terms and conditions as they may from time to time determine. Further, the Company may redeem its own shares for such amount, at such times and on such notice as the directors may determine, provided that any such redemption is pro rata to each shareholders’ then percentage holding in the Company. On the 14th April 2021, a total of 5,999,999 new DIs (the "Placing DIs") were placed by at a price of £0.04 per Placing DIs (the "Placing") with existing and new investors ("Placees") raising gross proceeds of approximately £240,000. The Placing DIs represent Ordinary Shares representing 20 per cent. of the Ordinary Share capital of the Company prior to the Placing. On the 16th August 2021 the Board announced that the par value of its issued and outstanding ordinary shares of no par value had changed to US$0.001 per Ordinary Share. The total number of issued shares with voting rights remained unchanged at 35,999,999 Ordinary Shares. Aside from the change in nominal value, the rights attaching to the Ordinary Shares (including all voting and dividend rights and rights on a return of capital) remained unchanged. On the 17th December 2021, following the acquisition of id4 AG, 66,666,666 New Ordinary Shares of $0.001 were issued to the shareholders of id4 in settlement of consideration for the acquisition and the Company was readmitted to trading on the London Stock Exchange. On the 17th December 2021, alongside the acquisition of id4 AG, 54,375,000 New Ordinary Shares of $0.001 were issued in a further placing with existing and new investors, raising a total of £2,175,000.
Notes to the Condensed Financial Information Continued
Thalassa Holdings Ltd, which holds shares in the Company is related by common control through the Chairman, Duncan Soukup. Thalassa Holdings Ltd invoiced the Company for administration costs totalling £4,236 (June 2022: £8,709, Dec 2022: £6,378)). At the period end the balance owed to Thalassa totalled £4,236 (June 2022: £340,768, Dec 2022: £2,894). Consultancy and administrative services were accrued on behalf of a company, Fleur De Lys, in which the Chairman has a beneficial interest, the Company accrued £61,399 of fees in the period (Jun 2022: £77,556. Dec 2022:£134,953). Athenium Consultancy Ltd, a company in which the Company owns shares invoiced the Company for financial and corporate administration services totalling £82,500 for the period (Jun 2022: £75,000, Dec 2022: £150,000).
There were no subsequent events to report
The interim report is available on the Company’s website: www.anemoi-international.com.
Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
ISIN: | VGG0419A1057 |
Category Code: | IR |
TIDM: | AMOI |
LEI Code: | 213800MIKNEVN81JIR76 |
OAM Categories: | 1.2. Half yearly financial reports and audit reports/limited reviews |
Sequence No.: | 274695 |
EQS News ID: | 1737261 |
End of Announcement | EQS News Service |
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