- 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20220914005824/en/
Contacts:
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
