HMRC R&D Tax Refund

Vianet Group PLC

05 June 2023

 

05 June 2023

Vianet Group plc

("Vianet" or the "Group")

HMRC R&D tax refund

As previously notified on 2^nd May 2023, the Company applied to HMRC for a tax refund in respect of R&D losses incurred in FY 2021 and FY 2022 and is pleased to confirm that the Group has now received a refund amounting to £924,774 from HMRC. The money will be used to strengthen the balance sheet, support further development opportunities as well as to facilitate the Board's ambition to return to paying a dividend to the Company's shareholders.

James Dickson, Chairman of Vianet, commented: "We are pleased to have received this rebate in respect of the valuable research and development that the Company has done. Technology is a major part of our business, and our continued research and development enables us to be at the forefront of our industry and provide the highest quality of service to our customers. We look forward to updating our shareholders on 13 June 2023 with the release of our financial results for the year ended 31 March 2023, and there will be a presentation via Investor Meet Company at 10.30am that day."

Enquiries:

Vianet Group plc
James Dickson, Chairman & CEO Mark Foster, CFO	Tel: [phone] www.vianetplc.com
Cenkos Securities plc
Stephen Keys / Camilla Hume	Tel: [phone]
	www.cenkos.com

Investor enquiries:

Dale Bellis

Tel: [phone]

 

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