Business
Final Results and Notice of AGM
Final Results and Notice of AGM.
About this update from Insig Ai Plc
[{"type":"text","content":"\n \nRNS Number : 7244D Ultimate Sports Group PLC 28 June 2019 \n\n28 June 2019\nUltimate Sports Group PLC\n(\"USG\" or the \"Company\" or the \"Group\")\n \nFinal Results and Notice of AGM\n \nUltimate Sports Group PLC, the AIM listed investment vehicle, is pleased to announce its results for the year ended 31 December 2018. The Company also gives notice that its Annual General Meeting ('AGM') will be held at the Hellenic Centre 16/18 Paddington Street, London W1U 5AS on 24 July 2019 at 11.30am. Copies of the Notice of AGM together with the Annual Report for the year ended 31 December 2018 will be posted to shareholders and be available to view on the Company's website www.ultimatesportsgroup.me.\n \nThe financial information set out in this announcement does not constitute statutory accounts as defined in the Companies Act 2006.\n \nThe Group Statement of Comprehensive Income, Group Statement of Financial Position, Group Statement of Changes in Equity, Group Statement of Cash Flows and associated notes have been extracted from the Group's 2018 statutory financial statements upon which the auditor's opinion is unqualified and does not include any statement under section 498 of the Companies Act 2006.\n \nThose financial statements will be delivered to the Registrar of Companies following the release of this announcement.\n \nThis announcement and the annual report and accounts are available on the Company's website www.ultimatesportsgroup.me . A copy of the report and accounts will be sent to shareholders who have elected to receive a printed copy with details of the annual general meeting in due course.\n \nChairman's Statement and Chief Executive's Review\n \nWe are reporting a total comprehensive loss from continuing activities of £144,485 before tax against a total comprehensive loss before tax and discontinued activities for the prior year of £780,192. There were no discontinued activities in the year ended 31 December 2018, whilst in the prior year there was a profit from discontinued activities after tax of £53,567. USG's consolidated cash balances as at 31 December 2018 were £535,329 (2017- £129,611) The directors are not recommending the payment of a dividend.\nFUNDRAISE\nAs set out in the circular to shareholders issued in February 2018, the Company raised £537...