There was more information in the email about the annual report:
https://tinyurl.com/mub6khebI honestly want to hear from all the ISX Financial haters, do they still believe the IPO is smoke and mirrors?
And here's one they will like, let's just say ASX rules against JK, he steps sideways, he'll become a figurehead and shares will be just reissued on relisting to him after shareholders vote for new performance shares?
flykk® - Coming Soon to Australia
We encourage all shareholders to join www.flykk.it as a means to access an EU (and shortly UK) transactional bank account, and an AUD$ payment account (similar to PayPal). As we approach issuing our Diners card linked to flykk, the facility represents a convenient travel solution for shareholders as well.
The flykk® app is available from theAppleand Googlestores.
Initial Public Offering (IPO) Update
ISXPlc continues to prepare for IPO by primarily continuing to build and expand the business whilst retaining profitability. The fact that the Company does not need to raise funds places it in a strong position and able to await favourable market conditions, where it can attract an optimised share price at IPO.
We are also conscious of the impact the 2022 ‘tech wreck’ on listed and unlisted companies valuations, together with a requirement to provide a certain minimum local institutional participation in order to meet London Stock Exchange (LSE) listing rules, and the consequences of dilution at low valuations brought about by poor market conditions.
ISXPlc is continuing to monitor the market and is working with prospective LSE Sponsor Brokers to get ready for the IPO. As confirmed by more than one of our three prospective LSE Sponsor Brokers, there is an expectation that there may be a significant positive change to LSE IPO market conditions around or after Q4 2023.
As previously advised, the Company will hold a General Meeting of shareholders in order to ratify the proposed ‘top-hat’ holding structure to allow for re-organisation of our assets under a holding company, implementation of which will not affect shareholders proportional beneficial interests / holdings.
Selection of our Sponsor Broker from the shortlist will follow the board’s decision on IPO timing, which will be post ratification of the resolutions at the General Meeting above. Should the IPO market in London continue to be depressed (the number of IPO’s on LSE was circa 90% down in 2022 versus 2021), then the Company may explore other options.
