IN BRIEF: Conduity Capital loss quadruples in 2021; works on takeover

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Conduity Capital PLC - London-based insurance group - Loss widens in 2021 as a gain on a disposal of investment in 2020 wasn't repeated. Pretax loss grows to £426,000 from £90,000. Has no gain on disposals, versus £279,000 in 2020. Personnel and administrative expenses similar in the two years.

Conduity is in the process of a reverse takeover of Cork, Ireland-based managed security service firm Smarttech247, incorporated as Zefone Ltd in the Republic of Ireland. Conduity shares have been suspended from trading on AIM in London since October as a result.

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