The Board wishes to update stakeholders on recent progress. The previously referenced acquisition opportunity (October 2025) did not proceed following an unsuccessful bid, and the Group's focus has since moved firmly to its investment activities.
The Group is making progress on a structured liquidity strategy and staged divestment of its copper assets, with initial liquidity expected before the end of Q3 2026. Alongside this, discussions are underway to establish a dedicated investment committee within UKAP Investments Limited to support active asset management and capital allocation.
The Board acknowledges that investor communication has not met expected standards. A new shareholder portal is now live at portal.ukapgroup.co.uk, with a dedicated loan noteholder portal scheduled for launch in Q3 2026.
Work is ongoing on the Group's accounts for the financial years ending March 2024, 2025 and 2026, which will be released as soon as practicable.