Half-year Report

Golden Rock Global PLC

30 September 2026

 

30 September 2026

Golden Rock Global PLC

(the "Company")

Unaudited Interim Financial Statements for the six months ended 30 June 2026

Appointment of Financial Advisor and Sponsor

Golden Rock Global plc, (LON:GCG) a Jersey registered company admitted to the Equity shares (shell companies) category of the Official List of the Financial Conduct Authority (the "Official List") and to the main market of the London Stock Exchange plc (the "Main Market"), is pleased to announce its unaudited Half Year Results for the six months ended 30 June 2026.

The Company reports an operating loss of £656,355 for the six months ended 30 June 2026 (30 June 2025: loss £288,713), a loss of 2.54 pence per share (30 June 2025: 1.26p). The respective losses, adjusted for non-cash charges relating to Convertible Loan Notes ("CLN") and warrants, for the six months to 30 June 2026 were £466,160 (30 June 2025: £112,066) reflecting the Company's increased expenditure on professional advisors and other costs committed to the Company's potential acquisition.

During the period the Company secured increased CLN funding of £1,035,000 for a total facility of £1,490,000. At 30 June 2026 and at the date of this report, the Company has fully drawn the available CLN facilities to fund its working capital requirements. At 30 June 2026 the Company had cash at bank of £728,659 (30 June 2025: £272,892).

On 21 January 2026, the Company suspended its listing on the Equity shares (shell companies) category of the Official List and trade on the Main Market of the London Stock Exchange, on the announcement of the Company entering into non-binding heads of terms for a Reverse Takeover ("RTO") transaction. The Company's shares continue to be suspended at the date of this report as the Directors continue to actively work with the RTO counterparty, StarEdge Digital Infrastructure Inc. ("SEDI"), to pursue completion of the transaction.

The Board appreciates that the Company's listing has been suspended for an extended period while the RTO transaction is pursued. This has been due to unexpected delays resulting from the reorganisation of SEDI, as announced on 23 July 2026. Advisors, including legal, reporting accountants for the proposed RTO, have been appointed and are working with the Company, and SEDI's board and advisors, to progress the proposed transaction.

On 28 May 2026 the Company advanced to Paul Carroll an amount of £80,000 as a loan to a Director. The loan was made on commercial terms to Mr. Carroll with an interest coupon of 8% per annum and the principal plus accrued interest repayable in cash on 18 October 2026.  As the principal amount of the Loan exceeded 5% of, inter alia, the Company's latest published gross assets at that time, the transaction constituted a material related party transaction pursuant to DTR 7.3 and should have been announced at the time the loan was agreed. This disclosure oversight was uncovered as part of the review process on production of these unaudited interim financial statements and the relevant disclosure note therein.

The Company also announces that it has appointed SPARK Advisory Partners Limited as its Sponsor and Financial Adviser for the proposed RTO and Admission to the Equity shares (commercial companies) category of the Official List of the Main Market.

Further updates on progress of the RTO will be announced in due course.

The full unaudited Interim Financial Statements, for the six months ended 30 June 2026, are available to view on, or download from, the Company's website at www.grglondon.com, and will shortly be available on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018).

The directors of the Company accept responsibility for the content of this announcement.

Enquiries

Golden Rock Global plc John Croft (Director)	Email:[e-mail] Tel: [phone]
SPARK Advisory Partners Limited (Financial Advisor) Mark Brady	Tel: [phone]

 

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