Titania Internet Ventures plc
LSE : TITP

March 31, 2015 10:58 ET

Unaudited Interim Results for the six month period ended 31 December 2014

                                                                                                  31 March 2015

                                         TITANIA INTERNET VENTURES PLC
                                         ("Titania" or "the Company")
                                                       

                   Unaudited Interim Results for the six month period ended 31 December 2014


                                             Director's Statement

Titania Internet Ventures Plc today announces its unaudited Interim Results for the period 1 July 2014 to 31
December 2014.

The Interim Results for the six months to 31 December 2014 showed a loss of GBP 21,685 compared with a loss of
GBP 42,883 over the same period in 2013.

During the month of October 2014:

    *   Titania approved a capital reorganisation comprising a consolidation of every 100 current ordinary
        shares of 0.1p into one consolidated ordinary share of 10p and the sub-division of all such consolidated
        ordinary shares into one ordinary share of 0.1p and one deferred share of 9.9p.
    *   Titania issued GBP 63,000 of convertible loan notes repayable at par on 31 September 2019 and
        conversion price of 0.7 pence per ordinary share.  The proceeds were applied towards working capital.

During the month of December 2014:

    *   Titania raised a total of GBP 38,900 via issue of 778,000 new ordinary shares of 0.1p each. Proceeds
        of the placing were applied towards working capital.

The Board continues to undertake initiatives to strengthen its balance sheet and as such, continues to operate
on a limited 'care and maintenance' basis.

Pasi Marjanen
Director
On behalf of the Board




TITANIA INTERNET VENTURES PLC
UNAUDITED RESULTS FOR THE 6 MONTHS TO 31 DECEMBER 2014
PROFIT & LOSS ACCOUNT

                                                              6 MONTHS TO                  6 MONTHS TO
                                                            31 December 2014            31 December 2013
                                                                   GBP                        GBP
                                                                                  
                                                                                                               
Administration costs                                                (21,685)                       (42,884)
                                                                  ----------                     ----------
                                                                                                               
OPERATING (LOSS)                                                    (21,685)                       (42,884)
                                                                                                               
Finance income                                                             -                              1
                                                                  ----------                     ----------
                                                                                                               
(LOSS) BEFORE TAXATION                                              (21,685)                       (42,883)
                                                                                                               
Taxation                                                                   -                              -
                                                                  ----------                     ----------
                                                                                                               
(LOSS) FOR THE PERIOD                                               (21,685)                       (42,883)
                                                                  ----------                     ----------
                                                                                                               
Basic loss per share                                                 (2.07p)                        (5.56p)
                                                                                                               
Diluted loss per share                                               (1.61p)                        (5.56p)
                                                                  ----------                     ----------
                                                                                  
                                                                                                               

BALANCE SHEET AS AT 31 DECEMBER 2014

                                                            31 December 2014            31 December 2013
                                                                    GBP                         GBP
                                                                                                               
CURRENT ASSETS                                                                                                 
                                                                                                               
Debtors & prepayments                                                   2,217                         1,721
                                                                                                               
Cash at bank                                                           14,391                         1,963
                                                                   ----------                    ----------
                                                                                                               
Total current assets                                                   16,608                         3,684
                                                                                                               
CURRENT LIABILITIES                                                                                            
                                                                                                               
Creditors: amounts falling due within one year                       (77,230)                      (45,476)
                                                                   ----------                    ----------
                                                                                                               
Net current (liabilities)                                            (60,622)                      (41,792)
                                                                   ==========                    ==========
                                                                                                               
CAPITAL & RESERVES                                                                                             
                                                                                                               
Share capital                                                         980,043                       979,265
                                                                                                               
Share premium                                                       1,444,481                     1,406,359
                                                                   ----------                    ----------
                                                                                                               
Total share capital                                                 2,424,524                     2,385,624
                                                                                                               
Profit & loss current period                                      (2,485,146)                   (2,427,416)
                                                                   ----------                    ----------
                                                                                                               
TOTAL SHAREHOLDERS' FUNDS                                            (60,622)                      (41,792)
                                                                   ==========                    ==========

Notes

    1.  The financial information for the period ended 31 December 2014 has not been audited and does  not
        constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006.
        
    2.  The information in this announcement has not been reviewed by the Company's auditor.
        
    3.  Basic  loss per share figures are calculated using the weighted average of shares in issue in  the
        period ended 31 December 2014, which was 1,047,159 (period from 1 July 2013 to 31 December 2013: 770,838
        Restated).
        
        Diluted  loss  per share figures are calculated using the weighted average of shares in  issue  in  the
        period  ended  31  December 2014, which was 1,344,825 (period from 1 July 2013  to  31  December  2013:
        770,838 Restated).
        
    4.  There have not been any changes in accounting policies which affect the validity of the comparison of
        the financial information presented for the six months to 31 December 2014 versus the comparative financial
        information presented for the six months to 31 December 2013.
        
    5.  No interim dividend is to be paid in relation to the six months to 31 December 2014.  No  interim
        dividend was paid in relation to the six months to 31 December 2013.
        
        
The Directors of the Company accept responsibility for this announcement.

                                                   --ENDS--

Enquiries:

TITANIA INTERNET VENTURES PLC

Pasi Marjanen

Tel: +44 (0)20 3239 9163
pasi.marjanen@titaniaplc.com

SVS Securities plc - ISDX Corporate Adviser

Kulvir Virk

Tel: +44 (0)203 700 0100
kulvir.virk@svssecurities.com


Titania Internet Ventures plc

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