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Croma Security Solutions Group plc announced on 8 July 2024 the receipt of deferred consideration. The Company received cash payments totaling £1.76 million, consisting of £1.3 million from the redemption of a Redeemable Share and the remaining balance as the second of 10 quarterly repayments of capital and interest from Loan Notes, all stemming from the June 2023 disposal of Vigilant Security (Scotland) Limited.
| Date | 8 Jul 2024 |
| Time | 07:00:10 |
| Category | Corporate updates |
| ID | 4032V |
8 July 2024
Croma Security Solutions Group Plc
("CSSG", "Croma", "the "Company" or the "Group")
Receipt of Deferred Consideration
Croma Security Solutions Group plc (AIM:CSSG) is pleased to announce that is has received the next instalments of the deferred consideration due in respect of the disposal of Vigilant Security (Scotland) Limited which was announced in June 2023 (the "Disposal") . Cash payments of £1.76million have been received comprising £1.3 million in respect of the redemption of the Redeemable Share issued on completion of the Disposal with the balance being the second instalment of 10 quarterly repayments of capital and interest due in respect of Loan Notes also issued on completion.
For further information visit www.cssgroupplc.com or contact:
Croma Security Solutions Group Plc Tel: +44 44 (0)1489 566 166
Roberto Fiorentino, CEO
Teo Andreeva, CFO
WH Ireland Limited Tel: +44 (0)207 220 1666
(Nominated Adviser and Broker)
Mike Coe
Sarah Mather
Novella Tel: +44 (0)203 151 7008
Tim Robertson
Claire de Groot
Safia Colebrook