Called up and fully paid Share Capital
2,620,996*
Retained reserves
(53,672)**
Total Tier 1 common equity
2,567,324
* Logistable has an authorised, issued and fully paid up share capital of three million (3,000,000) ordinary shares of 1 Euro each that has been translated to pounds sterling at a historical EUR / GBP exchange rate of 1.1446. The pound sterling equivalent has been extracted from the 2023 audited financial statements. The share capital is entirely comprised of ordinary shares and is of a single class.
** Retained reserves have been extracted from the 2023 audited financial statements.
There are no restrictions on the distribution of dividends and the repayment of capital.
Logistable has no Tier 2 items or instruments, and/or applicable filters and/or deductions applied to its own funds. Additionally there are no restrictions applied to the calculation of Logistable’s own funds in accordance with the Financial Services (Investment Services) Prudential Requirements) Regulations 2021.
The regulatory minimum for a Company with Logistable’s permissions is EUR 150,000.
Logistable’s own funds requirement is assessed internally by the ICARA process. The ICARA is an on-going process whereby Logistable’s capital requirements are assessed with a view to establishing their sufficiency in order to fund and support current and future operations. Both the Board of Logistable and the Risk Committee play an important role in this regard and set the scope and tone for the review. The most recent review carried out for the year ended the 31st of December 2023 concluded that the ICARA process is effective, appropriate and proportionate to the nature scale and complexity of Logistable’s business model and covers all the requirements set out in the Regulations on a consistent basis.
The K-factor requirements in the aggregate applicable to Logistable as at the 31st of March 2024 stands at GBP 449,000. This is broken down as follows:
Logistable’s Fixed overhead requirement as at the 31st of March 2024 stood at GBP 454,928.
