THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY HARROGATE GROUP PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

HARROGATE GROUP PLC
(formerly Iberian Gold plc; “Harrogate” or the “Company”)

RESULTS FOR THE PERIOD ENDED 30^TH SEPTEMBER 2020

Chairman’s Statement

The Directors present below the condensed, abridged, unaudited financial statements for the half-year ended 30^th September 2020, which show a loss before taxation of £(63,559) (30^th September 2019: £0)) and cash-at-bank of £1 (30^th September 2019: £1). The financial statements which follow have not been reviewed by the Company’s statutory auditors. The loss for the half-year was in line with the Directors’ expectations at the beginning of the period under review.

Trading Performance

During the period under review, the Company continued to be operationally dormant. We anticipate commencement of operations as soon as prevailing government restrictions permit.

Other Developments

Shortly prior to the beginning of the period under review, for the purposes of seeking admission to the Aquis Exchange Growth Market (“AQSE”) (“Admission”), the Company appointed Keith, Bayley, Rogers & Co. Limited as AQSE Corporate Adviser. In September 2020, the Company issued 100,000,000 new ordinary vendor consideration shares to the shareholders of Greencore Commercial Limited (“Greencore”), a private company, in a related party transaction in which Greencore acquired the education and training assets of Ngage Training and the Company acquired 100 per cent. of Greencore’s issued share capital. This transaction was approved by Harrogate’s shareholders in general meeting.

Post- Balance Sheet Events

i.          On 9^th November 2020, the whole of the Company’s issued ordinary share capital was admitted to AQSE.

ii.         On the same day, the Company was pleased to confirm the appointment (which had been conditional upon Admission) of Sir Aubrey Brocklebank, Bt. as an independent, non-executive Director of the Company.

Reginald Brealey,

Chairman,

24^th December 2020

Notes* to the Condensed, Abridged Financial Statements

for the period 1^st April 2020 to 30^th September 2020:

1           Financial information

The financial information set out above does not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006. It has been prepared on a going concern basis in accordance with the recognition and measurement criteria of the IFRS as adopted by the European Union.

The accounting policies used in the preparation of this set of condensed interim financial statements are consistent with those which will be applied to the preparation of the Company's annual financial statements for the year ending 31^st March 2021. Statutory accounts for a dormant company for the year ended 31^st March 2020 were approved by the board of directors and delivered to the Registrar of Companies on 9^th April 2020. The accounts were unaudited.

The financial information for the period ended 30^th September 2020 has not been audited or reviewed. As permitted, the Company has chosen not to adopt IAS34 'Interim Financial Statements' in preparing this financial information.

2          Fixed assets: Investment in subsidiary

On 21^st September 2020, the Company acquired Greencore Commercial Limited which principally consists of a long-established youth training scheme. The assets were independently valued at £5,000,000. The consideration for the transaction was the issuance of 100,000,000 ordinary shares of 5p each at par.

3          Earnings per share

The calculation of basic earnings per share is based on the loss attributable to ordinary shareholders divided by the weighted average of ordinary shares in issue being 78,125,383 during the period. This results in a loss per share of 0.00p (2019 - 0.00p).                                                                                                   

4          Directors’ remuneration

The Directors received no remuneration during the period.

* Note 1 applies to the condensed, abridged financial statements above, as a whole.

The Directors of Harrogate Group, after due and careful enquiry, accept responsibility for the contents of this announcement.

REGULATORY ANNOUNCEMENT ENDS.

Enquiries:

Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck: +44 20 7464 4091/ +44 7506 43 41 07 / Graham.Atthill-Beck@kbrl.co.uk 
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk  

Harrogate Group Public Limited Company
Michael Burton: +44 7894 23 36 94/ enquiries@harrogategroupplc.co.uk