Receipt of Deferred Consideration

Croma Security Solutions Group PLC

08 July 2024

 

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: [phone]

Roberto Fiorentino, CEO

Teo Andreeva, CFO

WH Ireland Limited                                                                           Tel: [phone]

(Nominated Adviser and Broker)

Mike Coe

Sarah Mather

Novella                                                                                                            Tel: [phone]

Tim Robertson

Claire de Groot

Safia Colebrook

 

END