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Arcontech Agrees New Terms With "Significant" Customer

Thu, 04th Jun 2015 09:51

LONDON (Alliance News) - Arcontech Group PLC said Thursday it has resolved and agreed new terms with a "significant" customer that it had previously warned hat requested to cancel its contract 18 months early.

The company, which provides financial market data processing and trading services, said all payments that had previously be owed to Arcontech have now been received.

The client involved was not disclosed, nor were the financial details of the contract.

Shares in Arcontech are untraded Thursday morning. It last closed down 0.220 pence.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2015 Alliance News Limited. All Rights Reserved.

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