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IN BRIEF: Codex Acquisitions focused on reverse takeover; loss narrows

2nd Jul 2024 06:48

Codex Acquisitions PLC - special acquisition company - Pretax loss narrows to GBP50,723 in 2023 from GBP237,122 in 2022, as remains focused on a planned reverse takeover. Looking ahead, Chair James Lawson-Brown says: "Codex is now focusing on completing the proposed acquisition with Technologies New Energy SA, which is expected to ultimately lead to a reverse takeover to complete our mission as an investment company and the start of TNE's future as a listed company." TNE is a Portugal-incorporated company that operates in the renewable energy sector. Codex in December announced it entered into heads of terms to buy TNE.

Current stock price: 5.00 pence per share

12-month change: down 33%

By Tom Budszus, Alliance News slot editor

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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