Brief: Glantus Holdings Confirms That It Uses SVB For Its US Operations

Glantus Holdings

13/03/2023 07:35

March 13 (Reuters) - Glantus Holdings PLC  GLAN.L :
    * GLANTUS HOLDINGS PLC  - SILICON VALLEY BANK
    * GLANTUS HOLDINGS PLC - CONFIRMS THAT IT USES SILICON
VALLEY BANK
("SVB") FOR ITS US OPERATIONS
    * GLANTUS HOLDINGS PLC - GLANTUS IS PROACTIVELY MANAGING
SITUATION
AND DOES NOT CURRENTLY EXPECT ANY SIGNIFICANT OPERATIONAL
DIFFICULTIES
    * GLANTUS HOLDINGS PLC - COMPANY'S MAXIMUM EXPOSURE IS
EXPECTED TO
ONLY SLIGHTLY EXCEED $250K AMOUNT WHICH IS INSURED BY FDIC.
    * GLANTUS HOLDINGS PLC - BOARD IS CONFIDENT THAT CURRENT
SITUATION
REGARDING SVB WILL NOT HAVE A MATERIAL IMPACT ON GLANTUS

Source text for Eikon:  urn:newsml:reuters.com:*:nRSM6594Sa
Further company coverage:  GLAN.L 

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