Intosol Holdings PLC Agreement (4467V)

TIDMINTO

RNS Number : 4467V

Intosol Holdings PLC

13 December 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE

RELEVANT LAWS   OR REGULATIONS OF SUCH JURISDICTION. 

INTOSOL Holdings Plc ('INTOSOL' or the 'Company')

Corporate Update

INTOSOL Holdings Plc. announces that it has settled all legal matters resulting in the termination by the Company of the Broker agreement with Broker Hybridan LLP (Claire Noyce Chief Executive).

The Company has paid in full the 6-Month penalty fee of GBP30,000 plus legal fees/interest of GBP17,500.

The announcement is made following the receipt of notice to a winding-up action by Broker Hybridan LLP (Claire Noyce Chief. Executive) and made possible by personal loan of a major shareholder and insider. The loan was an arm length transaction approved by the Independent Non-Executive Directors of the Company.

For further information contact:

   Rainer Spekowius                         INTOSOL Holdings Plc      [e-mail] 

CEO/ Executive Director

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December 13, 2021 06:39 ET (11:39 GMT)