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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tricorn Group Plc | LSE:TCN | London | Ordinary Share | GB0009716340 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTCN
RNS Number : 0377Q
Tricorn Group PLC
23 February 2021
23 February 2021
Tricorn Group plc
("Tricorn", the "Company" or the "Group")
Update on USA Payroll Protection Program loan
In its Trading Update on 4 June 2020, Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist, announced that it had received a loan as part the USA Payroll Protection Program ("PPP").
This loan, amounting to $0.7m (GBP0.55m), was made to protect US jobs and, provided the Company used it for employee retention, payroll and other eligible purposes, it could make an application for the PPP loan to be forgiven, thereby converting it into a grant.
The application for forgiveness was made by the Company in December 2020 and the Company is pleased to announce that, according to the lending bank's administration portal, the PPP loan has been fully forgiven.
For further information please contact:
Tricorn Group plc www.tricorn.uk.com
Andrew Moss, Chairman Tel +44 (0)7768 306 701
Michael Stock, Chief Executive/Group Finance Director Tel +44 (0)7894 784 106
Shore Capital Tel +44 (0)20 7408 4080
Tom Griffiths
David Coaten
Henry Willcocks
Notes to Editors:
Tricorn is a value-added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide.
Headquartered in Malvern, UK, Tricorn employs around 300 employees and has five manufacturing facilities in China, USA and UK.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
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(END) Dow Jones Newswires
February 23, 2021 05:18 ET (10:18 GMT)
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