REG - Sorted Group Hldgs. - HMRC R&D Tax Credit

Sorted groupAnnouncement

30/09/2024 12:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240930:nRSd2727Ga&default-theme=true

RNS Number : 2727G  Sorted Group Holdings PLC  30 September 2024

30 September 2024

 

Sorted Group Holdings Plc

("Sorted" or the "Company" or the "Group")

 

HMRC R&D Tax Credit

 

Sorted Group Holdings Plc (AIM: SORT), a leading provider of delivery
experience and post-purchase technology, is pleased to announce that it has
received approximately £1.1 million in cash as a result of a successful His
Majesty's Revenue & Customs ("HMRC") research and development ("R&D")
tax credit claim (the "R&D Tax Credit Claim"). The R&D Tax Credit
Claim relates to Sorted Group Limited's claim made to HMRC in respect of the
15(th) month period ended 31 December 2023.

 

The Group intends to apply the proceeds of the R&D Tax Credit Claim
towards the general working capital requirements of the Group.

 

For further information please contact:

 

Sorted Group Holdings
Plc
Tel: +44 (0)3300 555 284

Simon Wilkinson, Chairman

Mahmoud Warriah, Chief Financial Officer

 

Allenby Capital Limited (Nominated
Adviser)
Tel: +44 (0)20 3328 5656

David Hart

Vivek Bhardwaj

 

Turner Pope Investments (TPI) Ltd
(Broker)
Tel: +44 (0)20 3328 5656

James Pope

Andy Thacker

 

About Sorted

 

Sorted's Delivery Experience supports retailers in providing exceptional
delivery experiences and analysing post-purchase performance. It enables
customers to track deliveries and returns or exchange of parcels with ease.

 

Founded more than a decade ago, Sorted is trusted by leading retailers - such
as Asda, ASOS and M&S - to make customer purchase experiences a
differentiator.

 

www.sorted.com (http://www.sorted.com)

@SortedOfficial (https://twitter.com/SortedOfficial)

Media contact - Leah Jones - ljones@thecommsco.com
(mailto:ljones@thecommsco.com)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDWPUWPBUPCGGU