Further re: Sale of interest in Kirkstall Limited

Summary by AI BETAClose X

Truetide PLC announced a variation to the sales and purchase agreement with Imaging Biometrics Limited (IBAI) regarding the sale of its interest in Kirkstall Limited. As part of the agreement, Truetide will write off loan balances previously owed by Kirkstall, totaling £220,853.67, of which £28,500 was owed to The Ridings Early Growth Investment Company Limited, a Truetide subsidiary. However, these loans had already been written down to zero in Truetide's accounts for the year ended March 31, 2025. Therefore, this variation is expected to have no additional financial impact on Truetide.

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