TIDMMITH
RNS Number : 6608X
Mithril Capital PLC
01 September 2015
MITHRIL CAPITAL PLC
("Mithril" or "the Company")
Interim Report for the period ended 30 June 2015
Mithril (AIM: MITH), announces its unaudited interim financial
results for the period ended 30 June 2015.
Period highlights
-- On 22nd December 2014, the Company was successfully admitted
to the Standard Segment of the Official List and to trading on the
London Stock Exchange's Main Market
-- Raised GBP3.4 million cash (gross) through the listing of 128,250,000 new ordinary shares
-- On 29 May 2015 Mithril announced a change of strategic focus
to concentrate on acquisition targets within the TMT (technology,
media and telecommunications) sector.
Peter Redmond, Chairman of Mithril, commented: "The admission of
Mithril to the Standard List in December has given the Company the
funding and profile to allow the consideration of a wide range of
possible acquisitions. In particular, the change in focus to the
TMT that was announced in May has opened up many new exciting
targets.
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."
Enquiries
Mithril Capital plc www.mithril-capital.com
Rodger Sargent, Peter Redmond Tel: 020 7933 8787
Walbrook PR Ltd Tel: 020 7933 8787 or mithril@walbrookpr.com
Paul McManus Mob: 07980 541 893
Introduction
I am pleased to present the unaudited interim results for the
period ended 30 June 2015. During this period, Mithril generated a
loss of GBP122,872, the vast majority relating to the formation of
the Company and its admission to the Standard List. Cash assets at
the period end were over GBP3.3 million.
Mithril floated on to the Standard Listing of the Official List
on the London Stock Exchange on 22nd December 2014. The Company was
created to undertake an acquisition of a company or business with a
focus on the natural resources sector, and raised GBP3.4 million
cash (gross) through the issue of new ordinary shares. Mithril has
a total of 128,250,000 ordinary shares in issue.
On 29 May 2015 Mithril announced a change of strategic focus to
concentrate on acquisition targets within the TMT (technology,
media and telecommunications) sector.
Outlook
The change in focus to concentrate on targets within TMT sector
has opened up many new exciting targets. We continue to evaluate 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.
Peter Redmond
Chairman
28 August 2015
INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD FROM 17 SEPTEMBER 2014 TO 30 JUNE 2015
Period ended
30.06.2015
(Unaudited)
Notes GBP
Revenue 2 -
-------------------
Gross profit -
General & administrative expenses (128,263)
-------------------
Loss from operations before interest (128,263)
Interest income 5,391
--------------------
Loss before tax (122,872)
Tax -
---------------------
Retained Loss after tax for the
period (122,872)
=============
Retained loss attributable to:
Owners of the company (122,872)
-------------------
Loss for period (122,872)
=============
Total comprehensive loss attributable
to:
Owners of the company (122,872)
---------------------
Total comprehensive loss for the
period (122,872)
=============
Loss per share
Basic and diluted 3 (0.001)
=============
INTERIM STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2015
As at
30.06.2015
(Unaudited)
Notes GBP
ASSETS
Current assets
Trade and other receivables 22,500
Cash and cash equivalents 3,317,528
-----------------------
TOTAL ASSETS 3,340,028
============
EQUITY
Share capital 4 1,282,500
Share premium reserve 2,165,000
Retained loss (122,872)
------------------------
TOTAL EQUITY 3,324,628
============
CURRENT LIABILITIES
Trade and other payables 15,400
----------------------
TOTAL EQUITY AND LIABILITIES 3,340,028
============
INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD FROM 17 SEPTEMBER 2014 TO 30 JUNE 2015
Share
Share premium Retained Total
capital account loss equity
GBP GBP GBP GBP
Balance at 17 September - - - -
2014
Loss for the period - - (122,872) (122,872)
Total comprehensive income
for the period - - (122,872) (122,872)
---------- ---------- ---------- ----------
Share capital issued 1,282,500 2,165,000 - 3,447,500
Balance at 30 June 2015 1,282,500 2,165,000 (122,872) 3,324,628
========== ========== ========== ==========
INTERIM STATEMENT OF CASH FLOW
FOR THE PERIOD FROM 17 SEPTEMBER 2014 TO 30 JUNE 2015
Period ended
30.06.2015
GBP
(Unaudited)
Cash flow from operating activities
Loss for the period (122,872)
Interest income (5,391)
-------------------------
Operating cash flows before movements
in working capital (128,263)
Increase in receivables (22,500)
Increase in payables 15,400
----------------------
Net cash flow from operating activities (135,363)
Cash flow from investing activities
Interest income 5,391
------------------------
Net cash flow from investing activities 5,391
Cash flow from financing activities
Net proceeds from issue of share capital 3,447,500
------------------------
Net cash flow from financing activities 3,447,500
Net cash inflow for the period 3,317,528
----------------------
Cash and cash equivalents at start of -
period
-----------------------
Cash and cash equivalents at end of
period 3,317,528
============
NOTES TO THE UNAUDITED INTERIM REPORT
FOR THE PERIOD ENDED 30 JUNE 2015
1. BASIS OF PREPARATION
The interim financial statements have been prepared on a going
concern basis and in accordance with the recognition and
measurement principles of International Financial Reporting
Standards adopted for use in the European Union ("IFRS").
The interim financial statements for the period ended 30 June
2015 have not been audited and do not constitute statutory accounts
within the meaning of Section 434 of the Companies Act 2006.
This Interim Financial Report was approved by the Board of
Directors on 28 August 2015.
Statement of compliance
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