We are encouraged that Sprue has reached an agreement with BRK, which will result in an orderly termination between the parties of both the distribution agreement (DA) and manufacturing & supply agreement (MA). The summary bullet points of the settlement are shown below. We are also encouraged that the £3m of the revolving credit facility (RCF) that was drawn down at the end of March 2018 has subsequently been repaid. We anticipate reinstating formal coverage when the final results

10 May 2018
Settlement agreement/results 15 May 2018

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Settlement agreement/results 15 May 2018
- Published:
10 May 2018 -
Author:
Robert Sanders -
Pages:
2 -
We are encouraged that Sprue has reached an agreement with BRK, which will result in an orderly termination between the parties of both the distribution agreement (DA) and manufacturing & supply agreement (MA). The summary bullet points of the settlement are shown below. We are also encouraged that the £3m of the revolving credit facility (RCF) that was drawn down at the end of March 2018 has subsequently been repaid. We anticipate reinstating formal coverage when the final results