on NOVACYT (EPA:ALNOV)
Successful VAT reclaim of £12.2 million by Novacyt
Novacyt S.A. has successfully reclaimed £12.2 million in VAT from HMRC. This recovery comes after a request linked to Department of Health and Social Care (DHSC) invoices, which are no longer payable following a dispute settlement.
The company had previously announced this reclamation effort during its AGM on July 18, 2024. As part of the settlement, Novacyt paid £5.0 million to the DHSC in early July, resulting in a net cash position increase of over £7.0 million for the Group.
This announcement includes important information as per Article 7 of Regulation (EU) 596/2014. Novacyt, an international molecular diagnostics firm, continues to strengthen its financial position through strategic settlements and recoveries.
R. E.
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