15 February 2016
Windar Photonics plc
(the "Company", "Windar Photonics" or the "Group")
Further re. Termination of Chinese distribution agreement
Further to the announcement on 22 January 2016 in which the Company advised
that it had given six months' notice to terminate the exclusive distribution
agreement, which is subject Danish law, with LSAP Holdings AG (known as "TRES
Wind"), because the necessary sales level target for 2015 set out in such
agreement had not been achieved.
The Company notes that TRES Wind has responded by claiming that there is a case
of unjustified termination, conducted in a manner that is not in accordance
with the terms of the agreement and that it would be reserving its rights under
the agreement.
The Company has received Danish legal advice that the challenge by TRES Wind is
unsubstantiated and has rejected the claim.
For further information:
Windar Photonics plc Martin Rambusch, CEO +45 2168 9476
Sanlam Securities UK Limited David Worlidge +44 (0)20 7628
(Nomad and Broker) 2200
http://investor.windarphotonics.com
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|
5-day change | 1st Jan Change | ||
48.5 GBX | 0.00% | -1.02% | +1.04% |
04-22 | Windar Photonics Non-Exec Paul Hodges buys 220,000 shares | AN |
04-15 | Windar Photonics Raises GBP4 Million from Sale of New Shares | MT |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+1.04% | 50.42M | |
+15.28% | 111B | |
-4.96% | 29.8B | |
+6.15% | 20.83B | |
-11.55% | 18.67B | |
-10.33% | 16.55B | |
+11.20% | 15.82B | |
+6.80% | 13.32B | |
+0.26% | 10.81B | |
0.00% | 8.59B |
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