Keystone Positive Change IT reports annual financial results Via Investing.com
LONDON – Keystone Positive Change Investment Trust plc (LSE:KPC) has made available its Annual Report and Financial Statements for the financial year ended 30 September 2024, following an initial announcement on 27 November 2024. The report is now available on the National The Storage Mechanism and the company’s website, do not include the Notice of the Annual General Meeting but refer to the shareholders’ circular regarding the Construction Plan Again.
The Directors have confirmed that the Financial Statements present a true and fair view of the company’s financial position and comply with UK accounting standards. The Strategic Report in the document provides a transparent review of the company’s performance and key risks.
Keystone Positive Change IT identified several risks, including financial, investment strategy, climate and governance, discount, regulatory, custody and deposit, operational, gearing, political and economic, and cyber security risks. The Board managed these risks through various measures, including monitoring market conditions, engaging with shareholders, and complying with legal and regulatory frameworks.
The company’s financial risk remains high due to ongoing market volatility exacerbated by macroeconomic and geopolitical concerns. The risk of the investment strategy also remains high as the market’s appetite for growth in the company’s holdings diminishes. However, the Board is confident about the long-term prospects of its investment strategy.
To address the discount risk, the Board has proposed a Restructuring Strategy, which gives shareholders options to continue their investment in a global impact plan or receive cash outflows at a small discount.
The report shows that all control procedures related to the maintenance and risk of financial maintenance, operations, and Internet security are effective. The company has also taken steps to reduce gearing risk and closely monitor political and economic developments that may affect investment.
The Imminent Risk of Issuance related to the proposed Restructuring Plan is being addressed through consultation with shareholders and the engagement of qualified professional advisors.
This news is based on a press release from Keystone Positive Change Investment Trust plc.
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