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TMT Acquisition PLC - London-based acquisition vehicle in technology, media and telecommunications sector - Reports pretax loss for financial year that ended on March 31 narrows to £60,087 from £101,532 the year before, as administrative expenses are reduced to £94,917 from £101,532. Total net assets as at March 31 amount to £4.7 million, down from £4.8 million the year before.
Chair Harry Hyman says: ‘We are proactively engaged with suitable targets and have identified at least one opportunity. We have been engaged with businesses within the TMT sector that are both disruptive digitally enabled media and technology businesses in the financial services and regulated sectors.’
Current stock price: 18.50 pence each
12-month change: up 12%
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