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DJ Indigo Holdings Plc Interim results to 30 June 2017

 
TIDMINGO 
 
23 October 2017 
 
                              INDIGO HOLDINGS PLC 
                       ("Indigo" or the "Company") 
 
          Unaudited interim report for the six months to 30 June 2017 
 
Indigo Holdings plc, the Middle East focused Investment Company that provides 
investors with exposure to early stage businesses, is pleased to announce the 
Company's interim results for the six month period to 30 June 2017. 
 
A summary of the Company's investments since its flotation on the NEX Exchange 
Growth Market in February 2017, having raised a total of GBP818,468 (after 
expenses), are as follows: 
 
Post listing, the Company has made four acquisitions as follows: 
 
As announced on 12 October 2017, the Company invested GBP10,000 (EUR11,146) in 
3sootjobs ("3sootjobs"). 3sootjobs aims to become Iran's leading job-search 
platform by revolutionising Iran's job-search market by creating and 
introducing a smart, fast and easy-to-use app that will allow job seekers and 
employers to instantly search, connect, and get hired, all through a swipe. 
 
3sootjobs has raised EUR125,000 at a post money valuation of EUR725,000. After the 
investment of EUR11,146, Indigo has a 1.53%% holding in 3sootjobs. 
 
As announced in April 2017, Indigo invested IRR 10,000,000,000 (Ten billion 
Rial), approximately GBP200,000, in Iranian Fast Moving Consumer Goods Ltd 
("FMCG"), the recently established online retail delivery business of Yaran 
Daryan, the Iranian convenience store chain. Indigo has acquired a 15% equity 
stake in FMCG at a post-money valuation of approximately GBP1,330,000, with Yaran 
Daryan owning a 60% equity stake in FMCG. 
 
As announced on 8 March 2017, Indigo invested EUR375,587 (approximately GBP320,000) 
by way of an interest free loan into Net Tejarat Ahoura Company, an Iranian 
registered company ("Sheypoor"), a leading Iranian online classifieds 
marketplace, to acquire a 1.09% stake in Sheypoor. Indigo invested in 
Sheypoor's Series D Fundraising. That round of funding valued Sheypoor at 
approximately EUR34,000,000 (approximately GBP29,000,000). 
 
In February 2017, Indigo also announced it had acquired a 5% stake in the 
Iranian car ride-sharing app, Carvanro, after investing EUR176,800 in its Series 
A fundraising round. 
 
Carvanro is a car ride-sharing marketplace aggregator, which connects drivers 
and passengers embarking on the same car journeys. It provides a flexible and 
transparent platform for passengers, whilst at the same time providing a 
reliable source of payment for drivers who wish to share their journeys in 
order to reduce costs. The app launched in mid - 2016 and month-on-month 
figures for website traffic, registered users, and completed rides are all 
showing strong growth trends. 
 
We remain very optimistic about the strategy of the company and the pipeline of 
deals we see ahead. 
 
The financial statements have not been reviewed by the Company auditors. 
 
The Directors of the Company accept responsibility for the content of this 
announcement. 
 
                                       +44 (0) 20 7493 0412 
The Company 
Indigo Holdings plc 
Eddie Kerman 
 
NEX Exchange Corporate Adviser         +44 (0) 20 7469 0930 
Peterhouse Corporate Finance Limited 
Guy Miller and Mark Anwy 
 
Financial PR                           +44 (0) 7747 788 221 
Yellow Jersey PR 
Charles Goodwin/Joe Burgess 
 
 
 
 
STATEMENT OF COMPREHENSIVE INCOME 
For the six months ended 30 June 2017 
 
                                                       6 months to 30 
                                                            June 2017 
                                                            Unaudited 
 
Result from Financial assets at fair value through          46,500.54 
profit and loss 
 
Total operating Income                                      46,500.54 
 
Operating expenses                                          58,117.79 
 
Operating Result                                            11,617.25 
 
Financial Income and expense 
 
Exchnage gain and loss                                       6,457.44 
 
Interest Income                                             15,454.45 
 
Net Finance items                                           21,911.89 
 
result before tax                                           10,294.64 
 
Income tax                                                          - 
 
Net result for the period                                   10,294.64 
 
 
STATEMENT OF FINANCIAL POSITION 
As at 30 June 2017 
 
                                        Period Ending    Y/E December 
                                         June 30,2017         31,2016 
 
Non Current asset 
 
Financial non current asset 
 
Financial Asset at fair value              641,649.39               0 
through Profit and loss 
 
Total financial non current Asset          641,649.39 
 
Current Asset 
 
Trade and Other Receivables                                         1 
 
Cash and cash equivalent                   240,656.17          905749 
 
Total Current asset                        240,656.17          905750 
 
Total Asset                                882,305.56      905,750.00 
 
Shareholders equity 
 
Share Capital                              854,195.32               0 
 
Share Premium                                                   -7498 
 
Reserve                                     10,487.00               0 
 
P&L                                         10,294.64       10,487.00 
 
                                           854,002.96          -17985 
 
Current Liability 
 
Trade payable                               28,302.75      923,735.00 
 
Total current liability                     28,302.75          923735 
 
Total Shareholders Equity and              882,305.71      905,750.00 
Liability 
 
 
 
 
END 
 

(END) Dow Jones Newswires

October 23, 2017 10:05 ET (14:05 GMT)