Seed Capital Solutions loss widens, still reviewing opportunities

Seed Capital Solutions PLC on Monday reported its results for the half year ended December 31.

The London-headquartered acquisition company reported a £158.0 million pretax loss for the period, widened from a £117.6 million loss the year before.

The company is non-revenue generating and the pretax loss consisted of its administrative expenses, which increased 34% to reach £158.0 million.

Its cash balance at December 31 was £310,700, down from £550,500 at the same time one year prior.

Seed Capital, which is focused on sectors with ‘strong’ environmental, social and governance credentials, ‘[continues] to review potential acquisition opportunities’.

‘A further announcement will be made at such time as the company is able to provide further details on any proposed transaction,’ Chair Damion Greef said.

Seed Capital shares were untraded at 0.75 pence on Monday in London, having last traded on March 7.

The stock is down 15% over the last 12 months.

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