LONDON - All Active Asset Capital Limited (AAA), a private technology holding company, announced the publication of its audited accounts for the fiscal years ending December 31 of 2021, 2022, and 2023. The company, which owns a significant stake in the predictive AI motion insights platform Sentiance, has reported several key developments, including its increased ownership to 43% of Sentiance and advancements made by the AI firm in securing new contracts across various sectors.
Sentiance has reportedly made strides in the insurance, road safety, and gig economy sectors, enhancing its commercial and technical standing. The company’s proprietary on-device, edge computing technology has been highlighted for its data privacy and cost benefits. AAA also noted the delisting of its shares from the AIM market in 2022 and detailed its capital-raising activities, which included placings and open offers in July 2023 and May 2024, raising £1.8 million and £2.5 million respectively.
Colin McQuade, who rejoined the AAA board as Chief Executive in December 2022, expressed optimism about Sentiance's potential and indicated that AAA is exploring various strategies to support Sentiance's growth. The company is actively considering future funding and capital market plans, acknowledging the favorable conditions for AI companies that demonstrate high growth and revenue generation.
In addition to these financial updates, AAA has scheduled its annual general meeting (AGM) for January 14, 2025, at the offices of Fladgate LLP in London. Shareholders have been directed to the company's website for access to the circular, notice of the AGM, and proxy forms.
Despite the challenges faced by shareholders in the past, McQuade remains positive about AAA's trajectory and the progress made. The company's leadership is grateful for shareholder support, which has been instrumental in achieving recent milestones.
Investors and interested parties can find more detailed information regarding AAA's audited accounts and the upcoming AGM on the company's website. This announcement is based on a press release statement from All Active Asset Capital Limited.
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