The Board is pleased to announce the Group s unaudited results for the six month period ended 31 March 2021. The key highlights during the period were: · Completion of £7m investment in Dev Clever Holdings Plc ( DEV )at 10p per share · Sale of option and warrant rights to subscribe to, in aggregate, up to 45 million ordinary shares in DEV by the Company s wholly owned subsidiary, Intrinsic Capital Jersey Limited ( ICJL ) to Sitius Limited, for £3.5m cash consideration · Gain on re-measurement of assets to fair value of £21,836,376 · Profit for the period of £23,427,188 (21.67 pence per share) · Total assets of £38,066,221, up from £12,457,890 at September 2020 · Further investments in SeeQuestor Limited by ICJL for a total equity investment of £500,000 during the six month period ended 31 March 2021
( Drum or the Company )
Drum Income Plus REIT plc (LSE: DRIP) today announces the Company s audited results for the 12 months ended 30 September 2020
The Company also announces that its 2021 Annual General Meeting will be held on Thursday, 18 March 2021 at 12.00 p.m. at 16 Charlotte Square, Edinburgh EH2 4DF. The Company s Annual Report and Financial Statements for the year ended 30 September 2020 and the formal Notice of the Annual General Meeting will be posted to shareholders and in accordance with Listing Rule 9.6.1 copies of the documents have been submitted to the UK Listing Authority and will shortly be available to view on the Company s corporate website at