on NOVACYT (EPA:ALNOV)
Successful VAT recovery for Novacyt
Molecular diagnostics company Novacyt SA has announced that it has recovered £12.2 million in VAT from HMRC. The sum comes from unpaid Department of Health invoices following a dispute settlement.
Following the payment of £5.0 million to the Ministry, the group's net cash position increased by over £7.0 million. This news strengthens Novacyt's financial position.
The information in this press release is considered inside information pursuant to Article 7 of Regulation (EU) 596/2014.
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