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Holders warning

By BFN News | 02:21 PM | Friday 10 October, 2014


Holders Technology has warned there may be a material impact on next year's performance after a major PCB supplier notified the company it would be terminating the distribution agreement between them on terms to be agreed. Holders said that in the nine months to the end of September this year the contract contributed around 10% of group revenue. Holders said the loss of the contract can be mitigated by alternative strategies and cost reduction measures, but the timing and value of these actions is uncertain and there may be a material impact on the performance of the company in the financial year ending 30 November 2015. At 2:21pm: (LON:HDT) Holders Technology PLC share price was -10p at 40p Story provided by StockMarketWire.com

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