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Anemoi International Ltd: Final Results For Year Ended 31 December 2022
Anemoi International Ltd (AMOI) Anemoi International Ltd
Anemoi International Ltd (Reuters: AMOI.L, Bloomberg: AMOI:LN) (“Anemoi”, “AMOI” or the “Company”)
Final Results For Year Ended 31 December 2022
The information set out below is extracted from the Company's Report and Accounts for the year ended 31 December 2022, which will be published today on the Company's website. A copy will also be submitted to the National Storage Mechanism where it will be available for inspection. Cross-references in the extracted information below refer to pages and sections in the Company's Report and Accounts for the year ended 31 December 2022. Group Results 2022 versus 2021 GBP
*1 based on weighted average number of shares in issue of 157,041,665 (2021: 38,933,104) *2 based on actual number of shares in issue as at 31 December 2022 of 157,041,665 (2021: 157,041,665)
2021 HIGHLIGHTS
Sebastien Lalande, founder and CEO departs Company Costs slashed and business refocused on intermediate as well as end user sales Id4 revenues and profitability insufficient to support Public Company costs Board have been pursuing broad- based acquisition search for Reverse Take Over (RTO) candidate A number of potential candidates identified that fulfil RTO rules, which require the post transaction market value to be in excess of £30 million Board targeting Q3 update announcement on potential transaction
2022 can be viewed as a year of “one step forward, two steps sideways”. The Board’s frustration with management’s inability to take responsibility for results ultimately resulted in the departure of Sebastien Lalande, id4’s co-founder and CEO. Costs have been further reduced and id4’s sales efforts, as highlighted above, are now focused on BtoB as well as BtoC, thus allowing id4 to work in collaboration with larger, better established software houses that offer complimentary solutions, but which do not offer an integrated KYC/AML as part of their software. During the past few months the Board have pursued a number of potential M&A opportunities and have now reduced the number that fulfil the required criteria for an RTO for a listed entity to two potential candidates.The Board will update on discussions during Q3 2023.
Duncan Soukup Chairman 4 July 2023 Directors Report
The Directors present their report and the audited financial statements for the period ended 31 December 2022.
BUSINESS REVIEW AND PRINCIPAL ACTIVITIESAnemoi International Ltd (the “Company”) is a British Virgin Island (“BVI”) International business company (“IBC”), incorporated and registered in the BVI on 6 May 2020.
DIRECTORS AND DIRECTORS’ INTERESTS
The Directors of the Company who held office during the year and to date, including details of their interest in the share capital of the Company, are as follows:
Company Secretary Charles Duncan Soukup Registered Agent Hatstone Trust Company (BVI) Limit |