REG - Checkit PLC - Statement re. Silicon Valley Bank

CheckitAnnouncement

13/03/2023 09:00

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RNS Number : 7343S  Checkit PLC  13 March 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF UK MARKET
ABUSE REGULATION.  UPON THE PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE
INFORMATION IS CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.

 

13 March 2023

 

Checkit plc

("Checkit" or the "Group")

 

Silicon Valley Bank

 

Checkit plc (AIM: CKT) confirms that following the news regarding Silicon
Valley Bank (SVB), its exposure to SVB was less than £0.1m. The Group
continues to benefit from a strong balance sheet, with net cash of £15.6m as
at 31 January 2023, as reported in the recent trading update.

 

 

Contacts:

 

Checkit plc
+44 (0) 1223 643313

www.checkit.net

Kit Kyte (Chief Executive Officer)

Greg Price (Chief Financial Officer)

 

 

 Singer Capital Markets (Nominated Adviser & Broker)  +44 (0) 20 7496
3000

 Shaun Dobson / Harry Gooden / George Tzimas

 

Forward looking statements

This announcement contains forward looking statements with respect to the
business, strategy and plans of Checkit plc and its current goals and
expectations relating to its future financial condition and performance.
Statements that are not historical facts, including statements about Checkit
or management's beliefs and expectations, are forward looking statements. By
their nature, forward looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will occur in the
future. Checkit's actual future results may differ materially from the results
expressed or implied in these forward-looking statements as a result of a
variety of factors among other things, the economic and business circumstances
occurring from time to time in the countries, sectors and business segments in
which the Group operates. The forward-looking statements contained in this
announcement are made as of the date hereof, and Checkit undertakes no
obligation to update any of its forward-looking statements.

 

 

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