Notice of first audited accounts

Selkirk (AIM: SELK), an AIM investing company established to acquire an undervalued company or business in the UK, confirms the period of its first audited accounts and provide an update on its financial position.

Following Admission, the Company's intention was to audit the period from the date of incorporation to 31 December 2024 and publish the audited results in line with the required regulatory timeline. However, as no transaction was undertaken during this period, Selkirk continues to be an investing company which has generated no revenue and only has one asset, being cash.

Gross proceeds of £7.5 million were raised at IPO and as at 31 December 2024 the cash position was £7.0 million, which is on deposit, reflecting the deduction of IPO expenses and minor running costs for the period which are in line with management expectations.

Given the limited financial information available, the Directors believe that there is little value to shareholders in incurring the additional costs associated with auditing the stub period to 31 December 2024. The Company therefore confirms that its first set of audited accounts will be for the c.16 month period from the date of incorporation to 31 December 2025, which will be announced by the end of April 2026.

Furthermore, the Company confirms that it will publish its unaudited results for the 6-month period ended 30 June 2025 by 30 September 2025.

In terms of strategic progress, Selkirk continues to explore opportunities to acquire a business in line with its investment policy and will update the market in due course.