Salt6 Aug 2025 07:46
What's this then?
MicroSalt plc, a leading manufacturer of full flavour salt with approximately 50% less sodium, announces that the independent directors of the Company, Judith Batchelar, Dan Emery and Gary Urmston (the "Independent Directors") have become aware of an early, partial debt repayment totalling USD 150k made on 5 June 2025 (the "Payment") to Tekcapital Europe Limited that would have constituted a related party transaction pursuant to AIM Rule 13.
Based on their current knowledge of the Payment, the Independent Directors do not expect they would have considered it to have been fair and reasonable. Furthermore, due to the Independent Directors not being aware of the Payment at the time, the Nominated Adviser was not consulted in respect of the Payment.
The Independent Directors are investigating the background to, and reasons for the Payment as a matter of urgency.
The Company will provide further updates, as appropriate, in due course.