REG - Vianet Group PLC - HMRC R&D Tax Refund

VianetAnnouncement

05/06/2023 07:00

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RNS Number : 5736B  Vianet Group PLC  05 June 2023

05 June 2023

Vianet Group plc

("Vianet" or the "Group")

HMRC R&D tax refund

 

 

As previously notified on 2(nd) May 2023, the Company applied to HMRC for a
tax refund in respect of R&D losses incurred in FY 2021 and FY 2022 and is
pleased to confirm that the Group has now received a refund amounting to
£924,774 from HMRC. The money will be used to strengthen the balance sheet,
support further development opportunities as well as to facilitate the Board's
ambition to return to paying a dividend to the Company's shareholders.

James Dickson, Chairman of Vianet, commented: "We are pleased to have received
this rebate in respect of the valuable research and development that the
Company has done. Technology is a major part of our business, and our
continued research and development enables us to be at the forefront of our
industry and provide the highest quality of service to our customers. We look
forward to updating our shareholders on 13 June 2023 with the release of our
financial results for the year ended 31 March 2023, and there will be a
presentation via Investor Meet Company at 10.30am that day."

Enquiries:

 Vianet Group plc
 James Dickson, Chairman & CEO      Tel: +44 (0) 1642 358 800

 Mark Foster, CFO                   www.vianetplc.com (http://www.vianetplc.com)
 Cenkos Securities plc
 Stephen Keys / Camilla Hume        Tel: +44 (0) 20 7397 8900
                                    www.cenkos.com (http://www.cenkos.com)

Investor enquiries:

 Dale Bellis           Tel: +44 (0) 20 7397 8900

 

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