REG - Strip Tinning Hldgs - Receipt of R&D tax credit

Strip Tinning HoldingsAnnouncement

Tue 07:00

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RNS Number : 5121G  Strip Tinning Holdings PLC  29 April 2025

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR. Upon the publication of this announcement via a Regulatory Information
Service, this inside information is now considered in the public
domain.

Strip Tinning Holdings plc

("Strip Tinning" or the Company")

Receipt of c. £700k FY22 R&D tax credit

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist
connection systems to the automotive sector, is pleased to advise that it has
now received payment from HMRC in the amount of £698k in respect of its FY22
R&D tax credit. This payment, which includes interest, is more than the
amount previously notified on 1 April 2025. There remains an element
outstanding for the FY22 claim of £122k over which the Company are still in
discussions with HMRC. It is now expected that payment of the FY23 R&D tax
claim will be received in H2/Q3 2025.

The person responsible for arranging the release of this information on behalf
of the Company is Adam Robson, Executive Chair

Enquiries:

Strip Tinning Holdings
plc

Adam Robson, Executive Chair

Mark Perrins, Chief Executive Officer
                                       +44(0) 121 457 7675

Kevin Edwards, Chief Financial Officer

 

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

Rick Thompson

James Fischer

 

 

 

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