Settlement payment received and tender offer
Updated : 07:06
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
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