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IN BRIEF: Tricorn loan from US PP program converted into grant

Tue, 14th Sep 2021 19:36

Tricorn Group PLC - UK-based manufacturer of pipes - Second draw loan as part of the US Payroll Protection Program amounting to around USD700,000, has been forgiven, converting it into a grant.

The loan was made to protect jobs in the US and keep up employee retention and payroll.

Current stock price: suspended at 4.02 pence

Year-to-date change: down 36%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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