APQ Global Limited (“the Company”) is listed on The International Stock Exchange and admitted to trading on the London AIM Exchange. For the purposes of its financial reporting requirements, the Company adheres to International Financial Reporting Standards (IFRS) and provides annually audited financial statements spanning all subsidiaries within the Group and all of its public and privately held investments.

The objective of the Company is to steadily grow its earnings to seek to deliver attractive returns and capital growth through a combination of building growing businesses in emerging markets as well as earning revenue from income generating operating activities.

The Company intends to:

(i) Gain exposure to sovereign, corporate and banking entities for a range of business purposes, including for acquisition financing, working capital and investment purposes. The terms of any loans will vary but are typically expected to range from six months to five years. The Company expects that its loans will typically be secured.

(ii) take operational control of businesses through the acquisition of minority and majority stakes in public and private companies in emerging markets; and

(iii) In August 2016, the Company acquired the entire issued share capital of APQ Cayman Limited (formerly known as APQ Alexandria) in consideration for the issue of new Ordinary Shares. APQ Cayman invests substantially all of its assets in stocks, bonds, foreign exchange, commodities and their derivatives across emerging markets globally. APQ Cayman became a wholly-owned subsidiary of the Company on Admission in August 2016.

The Board periodically assesses the business opportunities available to the Company. In evaluating those opportunities, the Board will consider and assess the following factors:

• the macroeconomic and political risks that may affect each proposed business opportunity;
• the absolute and relative valuations that support each proposed business opportunity;
• the relevant non-market risks, including convertibility risk, expropriation risk, taxation risk, counterparty restrictions as imposed by sanctions lists and other bilateral or multilateral legislation; and
• an assessment of the overall suitability of each business opportunity, including counterparty risk.

On a quarterly basis, the Board will also assess these risks in relation to its on-going activities. It will evaluate these risks and adopt overall guidelines and hedging strategies to preserve the Company’s capital and support its overall growth strategy.

The Group may utilise borrowings in connection with its business activities. Although there is no prescribed limit in the Articles or elsewhere on the amount of borrowings that the Group may incur, the Directors will adopt a prudent borrowing policy and oversee the level and term of any borrowings of the Company and will review the position on a regular basis.

The Company currently targets an annualised dividend yield of 6 per cent per annum based on the Issue Price. This is a target only and not a profit forecast and there can be no assurance that it will be met. Dividends are expected to be payable in respect of each calendar quarter, payable in the month following the end of such quarter.