Hamilton Global Opportunities plc Published Its 2022 Half-Year Financial Results and Activity Report for the Period
15 September 2022 - 07:30AM
Business Wire
- Highlights for the first half of 2022:
- Profit of €1,550,218 after tax
- Net assets of €14,567,050 as at June 30, 2022
- Completion of a second round of private placement financing
in January 2022
- Investment in Gauzy Ltd, a world leader in smart glass and
ADAS technologies
- Follow on investment in Miami International
Holdings
- Post-closing events:
- Follow on investment in Gauzy Ltd
Regulatory News:
Hamilton Global Opportunities plc (Paris:ALHGO) provides 2022
half-year financial statements and operation report. The 2022
half-year financial report is available on the company’s website,
in the Investor section (hamiltongo.eu).
PERFORMANCE
Assets as at 30 June 2022 (in
€)
June 30, 2022
December 31, 2021
Tangible assets
3,754
2,297
Investments
11,666,323
5,592,071
Fixed Assets
11,727,177
5,651,468
Debtors: amounts falling due
within one year
228,085
143,041
Cash at bank and in hand
3,403,594
3,429,902
Current assets
3,631,679
3,572,943
Creditors: amounts falling due
within one year
274,806
(362,830)
Net current
assets/(liabilities)
15,358,856
9,224,411
Net assets
14,567,050
8,861,581
Profit/Loss Statement as at 30
June 2022 (in €)
June 30, 2022
December 31, 2021
Revenue
142,368
65,031
Other operating expenses
2,625
6,818
Administrative expenses
(238,751)
(383,214)
Revaluation gains on
investments
1,638,086
49,715
Foreign exchange gains on
investments
550,390
-
Amounts written off
investments
-
(22,175)
Tax expense
(544,000)
(210)
Profit/Loss for the
period
1,550,218
(284,023)
Details of evolution in the financials since 31 December
2021
As at 30 June 2022 profit after tax of €1,550,218 compared to a
loss of €284,023 for the financial year 2021. The profit was
generated by an increase in foreign exchange revenues and the
revaluation of assets after application of HGO’s valuation
policy.
Net Assets stood at €14.56m (vs €8.86m as of 31 December 2021).
The change in Net Assets during the first half resulted mainly from
the capital increase carried out during the period for an amount of
€4.5m. Hamilton’s net cash position as of 30 June 2022 was
€3.4m.
Highlights of the first half of 2022 and post-closing
events
- Completion of a second capital raise by private placement in
January 2022 In January 2022 Hamilton Global Opportunities plc
raised a further €4.5m of capital from institutional investors via
a private placement.
- Investment in Gauzy Ltd, a world leader in smart glass and
ADAS technologies On April 11, 2022 Hamilton Global
Opportunities plc announced a USD $2m investment in Gauzy Ltd Gauzy
is a true pioneer of nanotechnology for light and vision control,
is the only material science company in the world developing,
manufacturing, and marketing two of the three active smart glass
technologies: SPD and Liquid Crystal, and advanced ADAS (advanced
driver assistance systems) including CMS (camera monitoring
systems) for long body on road vehicles. Gauzy has significant
development potential given the numerous high value-added
applications in everyday life for its diverse product range, such
as the possibility of instantly modulating the transparency or
translucency of glass used in windows across the automotive and
architectural industries for shading, privacy, and thermal
regulation, and making vehicle operation safer with blind spot
reduction through its high performance ADAS products.
- Follow on investment in Miami International Holdings, the
leading private US multi-platform exchange operator On May 25,
2023, Hamilton Global Opportunities plc announced a USD $2.155
million follow on investment in Miami International Holdings, Inc.
one of the leading exchange players in the U.S. options market.
Miami International Holdings, Inc. (MIH) is the parent company of
multiple securities exchanges, based on the MIAX platform,
developed in-house and designed for derivatives trading. In
addition to three licensed U.S. securities exchanges – Miami
International Securities Exchange, LLC (MIAX®), MIAX Pearl, LLC
(MIAX Pearl®) and MIAX Emerald, LLC (MIAX Emerald® and together
with MIAX and MIAX Pearl, the MIAX Exchange Group™) – MIH is also
the parent company of the Minneapolis Grain Exchange, LLC, a
Designated Contract Market (DCM) and Derivatives Clearing
Organization (DCO) licensed by the U.S.
Gustavo Perrotta, Founder and Chief Executive Officer of
Hamilton Global Opportunities plc declares: “We are very
pleased with the 2022 half year results which, despite the
extremely challenging market conditions, confirm the benefits of
our focus on our investment principles after a foundation year in
2021 where we established the operational framework for HGO. We
successfully completed a second capital raise in January and have
completed two important investments in the first half of 2022 : a
first investment in Gauzy Ltd and a follow on investment in Miami
International Holdings which confirms our continued support for the
management teams and strategies of the those businesses.”
The Half-Year financial report as of June 30, 2022 has been made
available to the public and published on the website of the
Autorité des Marchés Financiers (AMF).
About Hamilton Global Opportunities
Hamilton Global Opportunities PLC (“HGO”) is an investment
company listed on the Euronext Growth Market in Paris
(ALHGO) focusing on investments in Tech, Fintech and MedTech
principally in the United States and Israel. The HGO management
team has significant relevant experience in structuring direct
investments in the areas above mentioned. For more information,
please visit: hamiltongo.eu
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version on businesswire.com: https://www.businesswire.com/news/home/20220914005824/en/
Hamilton Global Opportunities Gustavo Perrotta
Founder & CEO gp@hamiltongo.eu
Gavin Alexander Director ga@hamiltongo.eu
Andrew Wynn Member of the Investment Committee
aw@hamiltongo.eu
NewCap Louis-Victor Delouvrier Investor Relations
hamilton@newcap.eu +33 (0)1 44 71 98 53
NewCap Nicolas Merigeau Media Relations
hamilton@newcap.eu +33 (0)1 44 71 94 98
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