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  5. Receipt of Final Payment

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Receipt of Final Payment

30 Nov 2018 09:51

RNS Number : 0513J
PV Crystalox Solar PLC
30 November 2018
 

PV Crystalox Solar PLC

Receipt of Final Payment under Settlement Agreement relating to Arbitration Award

Further to the announcement of 17 August 2018, PV Crystalox Solar plc (the "Group") announces that it has received the final payment of €14.3m due under the agreement with its customer in settlement of all claims and obligations relating to the wafer supply contract and arbitration award (the "Agreement"). Under the Agreement the customer has now made total payments of €28.8m, including the initial payment of €14.5m received in May 2018, and waived its right to demand delivery of the outstanding wafers.

Enquiries:

 

PV Crystalox Solar PLC +44 (0) 1235 437160

Iain Dorrity, Chief Executive Officer

Matthew Wethey, Chief Financial Officer and Group Secretary

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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