Indigo Holdings plc, the Middle East focused Investment Company that provides investors with exposure to early stage businesses, is pleased to announce the Company’s first interim results since its successful flotation on the NEX Exchange Growth Market in February 2017, having raised a total of GBP818,468 (after expenses), in connection with Admission.
As at 31 December 2016, the Company had cash of GBP905,750 and trade and other payables of GBP923,735. The majority of the trade and other payables will show as share capital in the results to 30 June 2017, as the allotment and issue of shares, pursuant to the flotation on the NEX Exchange Growth Market, took place in January 2017.
Post listing, the Company made three acquisitions as below: As announced in April 2017, Indigo invested IRR 10,000,000,000 (Ten billion Rial), approximately GBP200,000, in Iranian Fast Moving Consumer Goods Ltd (“FMCG”), the recently established online retail delivery business of Yaran Daryan, the Iranian convenience store chain. Indigo has acquired a 15% equity stake in FMCG at a post-money valuation of approximately GBP1,330,000, with Yaran Daryan owning a 60% equity stake in FMCG.
As announced on 8 March 2017, Indigo invested EUR375,587 (approximately GBP320,000) by way of an interest free loan into Net Tejarat Ahoura Company, an Iranian registered company (“Sheypoor”), a leading Iranian online classifieds marketplace, to acquire a 1.09% stake in Sheypoor. Indigo invested in Sheypoor’s Series D Fundraising. That round of funding valued Sheypoor at approximately EUR34,000,000 (approximately GBP29,000,000).
Click on the reference link to read the full article