REG - Intuitive Invests.Gp - Financial Results

Intuitive InvestmentsAnnouncement

31/01/2024 07:00

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RNS Number : 4417B  Intuitive Investments Group plc  31 January 2024

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/
(https://iigplc.com/financial-reports/)

 

 Strategic highlights

 •    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.
 •    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.
 •    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.
 •    Follow-on investment in Light Science Technologies Holdings plc of £150,000
      and in Yourgene Health plc ("Yourgene") of £150,407.

 

Outlook

 •    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.

 

-ENDS-

 

Enquiries:

 

 Intuitive Investments Group plc                     www.iigplc.com (http://www.iigplc.com/)
 Sir Nigel Rudd, Non-Executive Chairman              Via FTI Consulting

 Robert Naylor, CEO

 Giles Willits, CIO

 SP Angel Corporate Finance LLP - Financial Adviser  +44 (0) 20 3470 0470
 Jeff Keating / David Hignell / Kasia Brzozowska

 FTI Consulting                                      +44 (0) 20 3727 1000
 Jamie Ricketts / Valerija Cymbal / Jemima Gurney    IIG@fticonsulting.com

 

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.

 

 

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