Brait PLC 2022 IR
The report highlights Brait's significant progress in executing its asset monetisation strategy during the fiscal year ended March 31, 2022, supported by a R3.0 billion capital raise through BIH Exchangeable Bonds. This capital raise facilitated the refinancing and extension of the BML revolving credit facility to June 2024, providing a solid runway for future portfolio realisations. Key portfolio companies showed strong recovery and operational performance, with Premier delivering 36% EBITDA growth and completing its Mister Sweet integration, while Virgin Active completed its restructuring plan and raised GBP88.4 million in new capital. Additionally, Brait successfully completed its redomiciliation from Malta to Mauritius, aligning its governance with the Mauritian National Code of Corporate Governance.
Company: Brait PLC
Sector: Financials
Country: Mauritius
Year: 2022
Type: IR
Pages: 154
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Brait PLC
Integrated Annual Report
The report highlights Brait's significant progress in executing its asset monetisation strategy during the fiscal year ended March 31, 2022, supported by a R3.0 billion capital raise through BIH Exchangeable Bonds. This capital raise facilitated the refinancing and extension of the BML revolving credit facility to June 2024, providing a solid runway for future portfolio realisations. Key portfolio companies showed strong recovery and operational performance, with Premier delivering 36% EBITDA growth and completing its Mister Sweet integration, while Virgin Active completed its restructuring plan and raised GBP88.4 million in new capital. Additionally, Brait successfully completed its redomiciliation from Malta to Mauritius, aligning its governance with the Mauritian National Code of Corporate Governance.
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Document Details
Report Year
2022
Reporting Period
Apr 1, 2021 - Mar 31, 2022
Fiscal Year
2022
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
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