RE: RNS. Court monies starting to come in16 May 2024 07:29
“ Francesco Gardin, Executive Chairman of QBT, commented: "We are very happy with the outcome of this double negotiation with the Defendants and the Receiver, which allows us to cash in the first tangible result of the Sipiem Litigation and now gives us the rights to all funds recovered, namely the €700,000 of this agreement and the balance amounting to €5.575 million plus interest and augmentation for inflation.
This provides us with an improved negotiating position regarding the collection of the remaining amount due to us"“
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