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Settlement payment received and tender offer

29 Jun 2020 07:00

RNS Number : 2927R
PV Crystalox Solar PLC
29 June 2020
 

 

PV Crystalox Solar PLC

 

Settlement payment received and tender offer

PV Crystalox Solar (the "Company") previously advised in its 2019 Annual Report that it intended to return a maximum of £2 million by way of a tender offer contingent on receipt of a payment relating to the settlement of a legacy wafer supply contract following which it would cancel the Group's listing on the Official List. The Company confirms the payment, of €0.8 million, has now been received and the Board will be recommending that shareholders approve the necessary measures for the tender offer at a General Meeting so that the capital return and delisting can be completed by the end of September. Further information will be provided in a circular to shareholders.

 

Enquiries:

PV Crystalox Solar PLC +44 (0) 1235 437160

Iain Dorrity, Chief Executive Officer

Matthew Wethey, Chief Financial Officer and Group Secretary

LEI: 213800FYYB6LTJGKA745

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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