Business
Interim results
Interim results.
About this update from Supernova Digital Assets Plc
[{"type":"text","content":"\n\n \n31 July 2024\n \n \nSupernova Digital Assets PLC\n \n(\"Supernova\" or the \"Company\")\n \nInterim results\n \nSupernova (AQSE: SOL), a company specialising in the Solana ecosystem, is pleased to announce its unaudited financial results for the six months ended 30 April 2024.\n \nThe Directors of Supernova take responsibility for this announcement.\n\nFor further information please contact:\n\n\n\n\nSupernova Digital Assets\n\n\n\n\n\n\n\nMike Edwards\nExecutive Chairman\n\n\n+44 7858 888 007 \n \n\n\n\n\nFirst Sentinel\n\n\n\n\n\n\n\nCorporate Adviser\nBrian Stockbridge\n \n\n\n+44 7876 888 011\n\n\n\n\n \n \nAbout Supernova Digital Assets:\nThe Company will look to identify investment and business building opportunities in the high growth Solana and crypto currency ecosystem. The Board intends to deploy the majority of the Company's cash resources in the acquisition of minority interests in a number of different, yet to be identified, companies in the broad Solana and crypto currency ecosystem, and to apply expertise to the business operations and strategic plans of these companies. The experience, operational skills and contacts of the Board are intended to act as an accelerator to start-ups and early-stage companies to maximise their profit opportunity. It is anticipated that returns to Shareholders will be delivered through a combination of an appreciation in the Company's share price and through the adoption of a progressive dividend policy. The Company's Directors have an established track record, experience and networks in the crypto currency sector, digital assets management, as well as the media industry to drive value creation.\n \n \n \nExecutive Chairman's statement\nFor the six month's ended 30 April 2024\n \nDuring the course of the year ending 31 October 2023 the Board of Directors of the Company decided that best interests were served by divesting a number of non-core businesses and focusing on the Solana cryptocurrency ecosystem. It is the Board's opinion that Solana (\"SOL\") will be integral to the success of the crypto environment and there will be an increasing level of development of system architecture that sits on the Solana ecosystem.\n \nThe Board believes there are considerable value accretive opportunities av...