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Selkirk Group PLC
Report Publication Announcement • Feb 20, 2025
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Report Publication Announcement
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National Storage Mechanism | Additional information 
RNS Number : 8448X
Selkirk Group PLC
20 February 2025
20 February 2025
Selkirk Group PLC
("Selkirk" or the "Company")
Notice of first audited accounts and update on financial position
Selkirk (AIM: SELK), an AIM investing company established to acquire an undervalued company or business in the UK, confirms the period of its first audited accounts and provide an update on its financial position.
Following Admission, the Company's intention was to audit the period from the date of incorporation to 31 December 2024 and publish the audited results in line with the required regulatory timeline. However, as no transaction was undertaken during this period, Selkirk continues to be an investing company which has generated no revenue and only has one asset, being cash.
Gross proceeds of £7.5 million were raised at IPO and as at 31 December 2024 the cash position was £7.0 million, which is on deposit, reflecting the deduction of IPO expenses and minor running costs for the period which are in line with management expectations.
Given the limited financial information available, the Directors believe that there is little value to shareholders in incurring the additional costs associated with auditing the stub period to 31 December 2024. The Company therefore confirms that its first set of audited accounts will be for the c.16 month period from the date of incorporation to 31 December 2025, which will be announced by the end of April 2026.
Furthermore, the Company confirms that it will publish its unaudited results for the 6-month period ended 30 June 2025 by 30 September 2025.
In terms of strategic progress, Selkirk continues to explore opportunities to acquire a business in line with its investment policy and will update the market in due course.
ENDS
For further information please contact:
| Selkirk PLC | Via Camarco |
| Iain McDonald | [email protected] |
| Zeus (Nominated Adviser and Broker) | +44 (0) 20 3829 5000 |
| Dan Bate, Louisa Waddell, John Moran | |
| Camarco | +44 (0) 20 3757 4980 |
| Billy Clegg, Tom Huddart, Letaba Rimell | [email protected] |
Notes to Editors
Selkirk Group Plc is an investing company established with the primary objective of acquiring a company or business which the directors believe is undervalued and providing it with a quotation or listing or acquiring an existing public company and providing a highly incentivized management team with strategic direction. The Company is focused on acquiring a business which is headquartered in the United Kingdom. The directors have extensive experience in identifying, evaluating, and executing opportunities; both quoted and unquoted, and creating value for stakeholders. To find out more visit: www.selkirkplc.com.
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