Loqus Holding plc – Interim Directors’ Statement

 Loqus Holdings plc issued the following Company Announcement in compliance with Chapter 5 of the Listing Rules:

Loqus Holdings plc hereby announces that since the last communication, no material events and/or transactions have taken place that would have an impact on the financial position of the Company, such that they would require specific mention, disclosure or announcement pursuant to the applicable Listing Rules. 

The Group has, on 22 September 2015, published the audited results for the year ended 30 June 2015. The Group reported a positive improvement which has led to a result slightly beyond break even for the year. The first quarter of the financial year continued to maintain this improvement and break-even levels. The Group remains focused on maximising the operational and financial performance which will enable it to achieve the targets for the year. 

Loqus has recently announced that it has signed a letter of intent for the sale of the Fleet management business and IPR. Due diligence exercise is underway and on successful completion of this exercise, the Company intends to enter into negotiations relating to the sale of its fleet management business and related IPR.  

To view the official Company Announcement, click here.