Update on Receipt of Letter Before Claim

Summary by AI BETAClose X

GCM Resources plc paid £867,798 to Trephina Assets Limited relating to a Letter Before Claim but continues to dispute the total sums and the purported interest. After the payment the company holds approximately £0.946 million in cash, implying an immediate cash reduction of about 48% and creating increased near-term liquidity and contingent-liability risk.

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