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Intuitive Investments Group plc (IIG) announced its financial results for the year to 30 September 2023 on 31 January 2024. Post period-end, IIG invested in Hui10 Inc. at a $365 million valuation, moved to the Specialist Fund Segment of the London Stock Exchange's Main Market, and appointed Sir Nigel Rudd as Chairman and Giles Willits as Chief Investment Officer. The company also made follow-on investments of £150,000 in Light Science Technologies Holdings plc and £150,407 in Yourgene Health plc.
| Date | 31 Jan 2024 |
| Time | 07:00:09 |
| Category | Results |
| ID | 4417B |
Intuitive Investments Group plc
Financial Results
Intuitive Investments Group plc (SFM: IIG) ("IIG" or the "Company"), the closed-end investment company focussed on fast growing and high potential opportunities in the Technology, Life Sciences and Healthcare sectors, announces its financial results for the year to 30 September 2023. The full report and accounts (the "Report") can be viewed by clicking on the following link: https://iigplc.com/financial-reports/
Strategic highlights
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Capturing a transformational growth opportunity through our investment in Hui10 Inc - a China-based technology company with interests in two operating businesses involved in the digital transformation of the Chinese lottery - at a valuation of $365 million, post period-end. |
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Move from AIM to the Specialist Fund Segment of the London Stock Exchange's Main Market alongside a broadening of our investment policy to encompass a wider range of industries and geographies, including fast growing and / or high potential technology, life sciences and healthcare businesses operating predominantly in the UK, continental Europe, the US and APAC. |
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Strengthening and deepening our Board and leadership team through the appointment of Sir Nigel Rudd as Chairman, to oversee and support our evolved strategy and Giles Willits as Chief Investment Officer post period-end to oversee our investment in Hui10 Inc. |
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Follow-on investment in Light Science Technologies Holdings plc of £150,000 and in Yourgene Health plc ("Yourgene") of £150,407. |
Outlook
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Following the transformational Hui10 transaction and recent progress in relation to the approvals received by Hui10, the Group is well positioned to deliver growth in shareholder value in the coming months. |
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Enquiries:
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Intuitive Investments Group plc |
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Sir Nigel Rudd, Non-Executive Chairman Robert Naylor, CEO Giles Willits, CIO
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Via FTI Consulting |
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SP Angel Corporate Finance LLP - Financial Adviser |
+44 (0) 20 3470 0470 |
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Jeff Keating / David Hignell / Kasia Brzozowska
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FTI Consulting |
+44 (0) 20 3727 1000 |
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Jamie Ricketts / Valerija Cymbal / Jemima Gurney
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About Intuitive Investments Group plc
IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast growing and/or high potential Life Sciences and Technology businesses operating predominantly in the UK, continental Europe, the US and APAC, utilising the Board's experience to seek to generate capital growth over the long term for shareholders.