1st Sep 2015 09:33
LONDON (Alliance News) - Mithril Capital PLC on Tuesday said it is still considering several potential acquisitions, as it continues to focus on deals in technology, media and telecommunications.
Mithril floated on the London Stock Exchange's Main Market in December 2014. It raised GBP3.4 million through the listing of 128.3 million new shares. It began to concentrate on technology, media and telecommunications acquisitions in May, a change from its original aim of acquiring a business in natural resources.
Chairman Peter Redmond said the company's float in December has given it the "funding and profile" for the "consideration" of a wide range of possible acquisitions.
"We continue to consider a number of possible acquisitions which I believe will create significant shareholder value if successfully completed and I look forward to updating the market when further progress is made," Redmond said.
The update came as Mithril said it made a GBP122,872 loss before and after tax from September 17, 2014 to June 30, the "vast majority" relating to the formation of the company and its admission to the stock exchange.
Shares in Mithril were untraded on Tuesday morning in London.
By Samuel Agini; [email protected]; @samuelagini
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