4th Jul 2025 11:07
(Alliance News) - Good Life Plus PLC on Friday announced it intends to withdraw its shares from the Aquis Stock Exchange in London as it posted an increased loss.
The London-based luxury prize draw and rewards provider said it was in the best interests of the company and its stakeholders to leave the stock exchange, following a period of careful consideration and consultation with its advisers.
Good Life will hold an annual general meeting on July 30, at which it will seek formal approval for the withdrawal.
Separately, the company announced that its annual loss widened to GBP4.2 million in the financial year ended January 31, compared to a loss of GBP4.0 million in the 16 months to January 31, 2024.
Revenue surged 59% to GBP3.8 million in financial 2025 compared to GBP2.4 million in the 16-month comparative period.
However, administrative costs increased 45% to GBP7.0 million from GBP4.9 million.
Chief Executive Officer Charlie Chadd said the company is "uniquely positioned" to deliver innovation and growth in the firm's luxury prize draws, adding that the company was on track to deliver a set of "strong results" in the coming period.
CEO Chadd added: "This growth demonstrates the significant value our customers place on our offering, and it is also pleasing to note the increasing number of customer acquisition channels we are working with. The momentum enjoyed in 2024 has continued into 2025, and we see many opportunities for growth with both existing and new channels."
Good Life shares fell 59% to 0.75 pence each on Friday morning on the Aquis in London.
By Tom Budszus, Alliance News slot editor
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