Business
Half-year Report
Half-year Report.
About this update from Alina Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1911K\n Alina Holdings PLC\n 30 December 2020\n \n \n \n \n FOR IMMEDIATE RELEASE.\n \n \n \n \n \n 30 December 2020\n \n \n \n \n \n Alina Holdings PLC (the \"Company\")\n \n \n \n \n \n \n Results for the six months ended 30 September 2020\n \n \n \n \n \n \n Further to the Company's announcement dated 2 December 2020, the directors of Alina Holdings PLC are pleased to announce \n the Company's unaudited consolidated results for the six months ended 30 September 2020. \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n Alina Holdings PLC\n \n \n William A Heaney\n \n \n Company Secretary\n \n \n 07712 868315\n \n \n \n \n \n \n \n \n Management Report\n \n \n \n \n \n Corporate Activity\n \n \n \n \n \n During the period the directors reviewed the options open to the Company for its future strategy, in tandem with the aim of restoring trading in the Company's shares on the London Stock Exchange. This culminated in the publication, and subsequent approval by the Company's shareholders in September 2020, of proposals for the Company's new investment strategy (summarised above), in tandem with which the Company's largest shareholder at that time, Thalassa Holdings Ltd, distributed the majority of its shares in the Company to its own shareholders. This enabled the Company to apply to the Financial Conduct Authority for the restoration of trading in the Company's shares on the London Stock Exchange, which took place on 19 November 2020. \n \n \n \n \n \n In accordance with the new investment strategy adopted by its shareholders, the Company changed its name to Alina Holdings PLC on 26 November 2020.\n \n \n \n \n \n Economic Background & Market Conditions\n \n \n \n \n \n Throughout the period reported on the Company operated under its previous investment strategy as a UK REIT specialising in local retail shopping assets. An element of the uncertainty that had overhung the property market for much of 2019 had to some extent been dissipated prior to the period reported on, following the general election in December 2019. Nevertheless, concerns over the potential impact of the UK's departure from the European Union and uncertainty over its future trading relationship with the bloc continued to...