PV Crystalox Solar PLC Receipt of Final Payment (0513J)
30 Novembre 2018 - 10:51AM
UK Regulatory
TIDMPVCS
RNS Number : 0513J
PV Crystalox Solar PLC
30 November 2018
PV Crystalox Solar PLC
Receipt of Final Payment under Settlement Agreement relating to
Arbitration Award
Further to the announcement of 17 August 2018, PV Crystalox
Solar plc (the "Group") announces that it has received the final
payment of EUR14.3m due under the agreement with its customer in
settlement of all claims and obligations relating to the wafer
supply contract and arbitration award (the "Agreement"). Under the
Agreement the customer has now made total payments of EUR28.8m,
including the initial payment of EUR14.5m received in May 2018, and
waived its right to demand delivery of the outstanding wafers.
Enquiries:
PV Crystalox Solar PLC +44 (0) 1235 437160
Iain Dorrity, Chief Executive Officer
Matthew Wethey, Chief Financial Officer and Group Secretary
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