Statement re. Silicon Valley Bank

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF UK MARKET ABUSE REGULATION .  UPON THE PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.

 

13 March 2023

 

Checkit plc

("Checkit" or the "Group")

 

Silicon Valley Bank

 

Checkit plc (AIM: CKT) confirms that following the news regarding Silicon Valley Bank (SVB), its exposure to SVB was less than £0.1m. The Group continues to benefit from a strong balance sheet, with net cash of £15.6m as at 31 January 2023, as reported in the recent trading update.

 

 

Contacts:

 

Checkit plc  +44 (0) 1223 643313

www.checkit.net

Kit Kyte (Chief Executive Officer)

Greg Price (Chief Financial Officer)

 

 

 Singer Capital Markets (Nominated Adviser & Broker)  +44 (0) 20 7496 3000

 Shaun Dobson / Harry Gooden / George Tzimas

 

Forward looking statements

This announcement contains forward looking statements with respect to the business, strategy and plans of Checkit plc and its current goals and expectations relating to its future financial condition and performance. Statements that are not historical facts, including statements about Checkit or management's beliefs and expectations, are forward looking statements. By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Checkit's actual future results may differ materially from the results expressed or implied in these forward-looking statements as a result of a variety of factors among other things, the economic and business circumstances occurring from time to time in the countries, sectors and business segments in which the Group operates. The forward-looking statements contained in this announcement are made as of the date hereof, and Checkit undertakes no obligation to update any of its forward-looking statements.