Brief: Pharming Group Expects Full Access Today To Its Cash On Deposit At Silicon Valley Bank

Pharming

13/03/2023 07:20

March 13 (Reuters) - Pharming Group NV  PHAR.AS :
    * PHARMING GROUP ANNOUNCES THAT IT EXPECTS TO HAVE FULL
ACCESS
TODAY TO ITS CASH ON DEPOSIT AT SILICON VALLEY BANK IN LIGHT OF
US GOVERNMENT ANNOUNCEMENT
    * PHARMING EXPECTS TO HAVE ACCESS TO US$26 MILLION IT HAS ON
DEPOSIT AT SVB US, AND TO NOT BEAR ANY LOSSES ON THESE DEPOSITS
    * CONTINUES TO ACTIVELY MONITOR SITUATION, INCLUDING WITH
RESPECT
TO ITS US$19 MILLION IN DEPOSITS AT SILICON VALLEY BANK UK
LIMITED
    * STATEMENT FURTHER NOTED THAT DEPOSITORS WILL HAVE ACCESS
TO ALL
OF THEIR MONEY STARTING TODAY

Source text for Eikon:  ID:nPreYybK7a 
Further company coverage:  PHAR.AS 

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