SRT Marine Systems Completes Contract Guarantee Replacement
Why we think this is neutral
The RNS announcement is about the replacement of a contract guarantee, which does not fall into any of the mandatory news types that would require a more detailed analysis. The announcement appears to be a routine operational update.
Key Points
- Contract guarantee replacement completed
- Guarantee provided by Barclays and UK Export Finance
- Financing now fully settled, no further warrants to be issued
Summary
The technology company has replaced a contract guarantee with support from its bankers and UK Export Finance.
SRT Marine Systems plc has replaced the contract guarantee provided by Ocean Infinity in October 2024 with one provided by its corporate bankers, Barclays supported by UK Export Finance. This financing is now fully settled, and no further warrants will be issued.
GENERAL UPDATE