RE: Shorters running for the hills17 Aug 2023 16:51
From cfo section. Obviously too lazy to read past headlines. Which weren't that great. A nice asset buggered off. .. add it to warranty losses etc .
.....
"The planned transaction will allow ITM to redirect £28m of pre-committed cash to our core business, and to focus on becoming a volume manufacturer of state-of-the-art electrolysers. Motive Fuels Ltd, via ITM, was the recipient of grant funding to support the rollout of refuelling stations in the UK. As part of the transaction, a contingent liability may materialise for ITM in the future against the performance obligations in the grants.