Approval and Publication of Annual Report and Audited Financial Statements

Published: 24 February 2023

The following is a Company Announcement issued by 6PM HOLDINGS P.L.C., a company registered under the laws of Malta with company registration number C 41492 and having its registered office at 52, St. Christopher Street, Valletta VLT 1462, Malta (hereinafter the “Company”), pursuant to the Capital Markets Rules issued by the Malta Financial Services Authority in accordance with the provisions of the Financial Markets Act (Chapter 345 of the laws of Malta), as amended from time to time.
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Approval and Publication of Annual Report and Audited Financial Statements
The Company hereby announces that its Board of Directors has approved the Company’s Annual Report and Audited Financial Statements for the financial year ended 31st October 2022 by virtue of a resolution in writing signed by all of the Directors of the Company on 24th February 2023, pursuant to the articles of association of the Company.
The Board of Directors shall be recommending to the Annual General Meeting of the Company that no dividend be declared in respect of the financial year ended 31st October 2022.
The Company notes that, in terms of Capital Markets Rule 5.16.24, the Board of Directors has determined that the results set out in the aforesaid Annual Report and Audited Financial Statements for the financial year ended 31st October 2022 differ by more than ten percent (10%) from previously published forecast financial information featured in the Financial Analysis Summary dated 14th March 2022. The variance threshold was surpassed as a result of: (i) foreign exchange rates, with this year’s rates adverse to the Company due to the weakening of the Pound Sterling against the Euro; and (ii) additional interest charges (both income and expenses) from intercompany loans in view of the fact that said loan balances which were planned to be restructured during 2022, thereby resulting in the Company not incurring intercompany interest income or expenses, are still ongoing and now forecast to be complete in 2023.
The Board of Directors further resolved that the aforesaid Annual Report and Audited Financial Statements be submitted to the shareholders of the Company for their approval at the forthcoming Annual General Meeting scheduled to take place on 23rd March 2023.
A copy of the Company’s Annual Report and Audited Financial Statements for the financial year ended 31st October 2022, as approved, is available for viewing and download from the following link on the Company’s website: https://health.idoxgroup.com/investor-information/bond-issue-information.
Attached to this Company Announcement is a Directors’ Declaration on ESEF Annual Financial Reports.
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By order of the Board.
Dr Luca Vella
Company Secretary
24th February 2023