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On 05 June 2023, Vianet Group PLC received a tax refund of £924,774 from HMRC. This refund was in respect of R&D losses incurred in FY 2021 and FY 2022, following an application made on 2nd May 2023.
| Date | 5 Jun 2023 |
| Time | 07:00:07 |
| Category | Miscellaneous |
| ID | 5736B |
05 June 2023
Vianet Group plc
("Vianet" or the "Group")
HMRC R&D tax refund
As previously notified on 2nd 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:
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Vianet Group plc |
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James Dickson, Chairman & CEO Mark Foster, CFO |
Tel: +44 (0) 1642 358 800 |
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Cenkos Securities plc |
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Stephen Keys / Camilla Hume |
Tel: +44 (0) 20 7397 8900 |
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Investor enquiries:
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Dale Bellis
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Tel: +44 (0) 20 7397 8900
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