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IN BRIEF: Fandango posts widened loss as awaits reverse takeover

ALN

Fandango Holdings PLC - London-based investment company focused on the industrial and services sectors - Pretax loss widens to £776,000 in the financial year ended February 29, from £142,000 a year prior. Investment income falls to none from £138,000. Administrative costs increase to £724,000 from £279,000. Company shares remain suspended as it is currently aiming for a reverse takeover of European Battery Metals Pty Ltd, which has proceeded with slight delays. Fandango says the annual results include the running costs of the company and certain costs of the pending reverse takeover. The company aims to soon call a general meeting for the planned acquisition.

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