Checkit PLC Statement re. Silicon Valley Bank (7343S)
13 Marzo 2023 - 9:55AM
UK Regulatory
TIDMCKT
RNS Number : 7343S
Checkit PLC
13 March 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF UK MARKET ABUSE REGULATION . UPON THE PUBLICATION OF THIS
ANNOUNCEMENT THIS INSIDE INFORMATION IS CONSIDERED TO BE WITHIN THE
PUBLIC DOMAIN.
13 March 2023
Checkit plc
("Checkit" or the "Group")
Silicon Valley Bank
Checkit plc (AIM: CKT) confirms that following the news
regarding Silicon Valley Bank (SVB), its exposure to SVB was less
than GBP0.1m. The Group continues to benefit from a strong balance
sheet, with net cash of GBP15.6m as at 31 January 2023, as reported
in the recent trading update.
Contacts:
Checkit plc +44 (0) 1223 643313
www.checkit.net
Kit Kyte (Chief Executive Officer)
Greg Price (Chief Financial Officer)
Singer Capital Markets (Nominated Adviser & Broker) +44 (0)
20 7496 3000
Shaun Dobson / Harry Gooden / George Tzimas
Forward looking statements
This announcement contains forward looking statements with
respect to the business, strategy and plans of Checkit plc and its
current goals and expectations relating to its future financial
condition and performance. Statements that are not historical
facts, including statements about Checkit or management's beliefs
and expectations, are forward looking statements. By their nature,
forward looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will occur
in the future. Checkit's actual future results may differ
materially from the results expressed or implied in these
forward-looking statements as a result of a variety of factors
among other things, the economic and business circumstances
occurring from time to time in the countries, sectors and business
segments in which the Group operates. The forward-looking
statements contained in this announcement are made as of the date
hereof, and Checkit undertakes no obligation to update any of its
forward-looking statements.
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END
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March 13, 2023 04:55 ET (08:55 GMT)
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