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450 plc announced on 25 March 2025 the publication of its Interim Financial Statements for the period ended 31 December 2024. Effective 1 February 2025, Andrew Lindsay was appointed Chair and Waheed Alli transitioned to Deputy Chair. For the period ended 31 December 2024, the Group reported a loss after taxation of £314,835 and held a cash balance of £3,372,240.
| Date | 25 Mar 2025 |
| Time | 17:00:00 |
| Category | Miscellaneous |
| ID | 1182C |
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
LEI number: 2138004EUUU11OVHZW75
450 plc
(the "Company")
Interim Financial Statements for the period ended 31 December 2024
The Company announces the publication of its Interim Financial Statements for the period ended 31 December 2024.
The Interim Financial Statements are also available on the 'Shareholder Documents' page of the Company's website at www.450plc.com.
Activity during the period and strategy
The Company's adopted investing policy is to focus on building a market leader in the traditional and digital creative industries, capitalising on the ongoing transformation of the content, media and technology sectors as well as considering opportunities in e-commerce and retail.
It is anticipated that the Company will acquire controlling or non-controlling stakes in one or more businesses or companies (quoted or private) on a long-term basis, including the consideration of public offers for, or mergers with, existing listed businesses. The investments made by the Company may be in the form of equity or other types of capital investment.
The Directors believe that opportunities exist to create significant value for shareholders through properly executed, acquisition-led growth strategies arising within the traditional and digital creative industries encompassing the content, media and technology sectors as well as opportunities in e-commerce and retail. The Company's principal focus will be on making investments in the UK, Europe or North America and will target companies with either a well-established presence in their specific segments or companies which are in a position to become leaders in their specific segments.
Effective 1 February 2025, the Company announced the appointment of Andrew Lindsay as Chair. Andrew, brings a wealth of experience to the role, most recently as CEO of Telecom Plus, a FTSE-250 company. Andrew will work alongside the directors of the Company to secure an attractive platform acquisition and ultimately target the delivery of significant shareholder value. Waheed Alli transitioned to Deputy Chair on the 1 February 2025.
The investment policy is included in full on the Company's website at www.450plc.com.
Outlook
The 450 Board continue to assess opportunities with the potential to capitalise on content and consumer trends, including product and brand, where the Directors have extensive experience.
The Directors believe that an opportunity will emerge to secure an attractive platform acquisition, combined with the management team's extensive track record, to deliver growth and significant shareholder value.
Results
The Group's loss after taxation for the period to 31 December 2024 was £314,835 (31 December 2023: loss of £255,785). The Group held a cash balance at the period end of £3,372,240 (as at 30 June 2024: £3,682,903).
Enquiries:
450 plc
Tel:+44(0)207 004 2700
Andrew Lindsay
Waheed Alli
Deutsche Numis (Nominated Adviser)
Tel:+44(0)207 260 1000
Kevin Cruickshank
Jamie Loughborough