Brief: EQTEC Says A Condition For Settlement Agreement With Logik Fulfilled

Forgent

01/05/2024 12:11

May 1 (Reuters) - EQTEC PLC  EQTE.L :
    * EQTEC PLC  - UPDATE ON SETTLEMENT AGREEMENT WITH LOGIK
    * EQTEC PLC: RECEIVED WRITTEN CONFIRMATION FROM LOGIK THAT
EXCHANGE FOR SALE OF LAND TO A PROPOSED PURCHASER HAS TAKEN
PLACE
    * EQTEC PLC - LONG STOP DATE FOR COMPLETION HAS BEEN SET FOR
28
JUNE 2024, WITH COMPLETION EXPECTED BY END OF MAY 2024.
    * EQTEC - ON BASIS COMPLETION DOES OCCUR IN ACCORDANCE WITH
ANTICIPATED TIMETABLE, CO WOULD BE DUE TO RECEIVE £2 MILLION
UNDER SETTLEMENT AGREEMENT

Source text for Eikon:  ID:nRSA8245Ma 
Further company coverage:  EQTE.L 

 ((Reuters.Briefs@thomsonreuters.com;))