Hamilton Global Opportunities : HGO - Financial Statement 2021 May 02, 2022

Registered number: 06921764

HAMILTON GLOBAL OPPORTUNITIES PLC

ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

COMPANY INFORMATIONDirectors

Mr Gustavo Perrotta

Sir Peter Middleton Mr Narahari Iyengar

Mr Gavin Alexander

Registered number

06921764

Registered office

1st Floor Lansdowne House 57 Berkeley Square London

W1J 6ER

Independent auditors

London, UK

Bankers

Barclays Bank Plc 1 Churchill Place London

E14 5HP

Independent compilers

MHA MacIntyre Hudson Chartered Accountants 6th Floor

2 London Wall Place EC2Y 5AU

CONTENTS

Page
Strategic report	3- 8
Directors' report	9 - 11
Independent auditors' report	12 - 18
Statement of profit or loss and other comprehensive income	19
Statement of financial position	20 - 21
Statement of changes in equity	22
Statement of cash flows	23
Notes to the financial statements	24 - 47

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2021

Introduction

Hamilton Global Opportunities PLC (the "Company") was listed on the Euronext Growth Market in Paris in April 2021. The listing allowed the Company to evolve from its original incarnation as Hamilton Venture Capital Limited a merchant banking boutique founded in 2009 by Sir Peter Middleton and Gustavo Perrotta in response to the valuation-driven growth capital opportunities that became apparent following the financial crisis. The Company now focuses on delivering long term capital growth to its shareholders through investments in predominantly late growth-stage private companies based in the United States and Israel and which are active in the Tech, Fintech and Medtech sectors. The senior management team of the Company has, thanks to extensive experience in these sectors, access to a broad range of investment opportunities.

Business review

In line with the strategy of the Company the senior management team analysed a number of potential transactions in the course of 2021. After having carried out an extensive due diligence process including regular meetings and discussions with the management teams of the companies concerned, the Company has made two significant investments during the year, namely;

EXOS TFP HOLDINGS LLC

Exos TFP Holdings LLC was founded in 2018 in the United States by Brady Dougan (former CEO of Credit Suisse) as a next generation investment bank driven by AI, Data & Analytics with the clear aim of revolutionizing the banking industry via an interconnected / modular technology platform. Exos also has as strong internal fintech incubation ecosystem.

MIAMI INTERNATIONAL HOLDINGS INC

Miami International Holdings Inc is an established high-speed trading technology provider and owner-operator of several exchanges. Miami International Holdings Inc is a vertically integrated exchange ecosystem (equities, options, futures, clearing house) and is an entrusted and supported partner of the twelve largest market makers in the US. Miami International Holdings Inc has diversified the offering thanks to the acquisitions of the Bermuda Stock Exchange in 2019 and the Minneapolis Grain Exchange in 2020.

STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

Financial key performance indicators

2021	2020
€	€
NAV per share	27.82	N/A
Cash realisations	N/A	N/A
Capital investment as a percentage of net assets	61%	N/A
Operating loss	(261,650)	(49,097)
Cash generated from operations	(590,515)	23,472
Total shareholder return	16.67%	N/A

The financial year to 31 December 2021 was the first year of operations for the Company in its current form and the investments are only a few months old with an investment horizon of up to 48 months, and therefore these metrics will become more relevant in the financial year to 31 December 2022 and thereafter.

NAV per share

The measure of the fair value per share of our investments and other assets after the net cost of operating the business and dividends paid in the year.

Cash realisations

Cash realised from disposal of investments will enable the Company to generate returns for its shareholders and to provide funds to invest in new opportunities.

Cash investment

Identifying and investing in new and further investments is the primary driver of the HGO's ability to deliver attractive returns.

Operating loss

The result for the year is key to determining the performance of the Company and will determine the eventual distribution to shareholders.

Cash generated from operations

By covering the cash operating cost of running our business with cash income, we reduce the potential dilution of capital returns.

Total shareholder return

The return to our shareholders is through the movement in the share price and eventual distribution of dividends. The share price as at 31 December 2021, has increased by 16.67% to €49 since listing in April 2021 at €42.