Kinovo PLC DCB (Kent) Ltd update
October 03 2024 - 2:00AM
RNS Regulatory News
RNS Number : 7265G
Kinovo PLC
03 October 2024
3 October 2024
("Kinovo", the "Group" or the "Company")
DCB
(Kent) Ltd update
Kinovo Plc (AIM: KINO), the
specialist property services Group that delivers compliance and
sustainability solutions, provides the following
update regarding DCB (Kent) Ltd ("DCB"), the Group's former
construction division.
Works at the penultimate project
concluded in September 2024. The Group has agreed to complete
additional further works at this property, which are now underway
and will be paid for separately by the client. This does not affect
the final cost to complete and the Company will confirm in due
course once practical completion has been achieved.
As previously announced, the
performance bond of £0.9m relating to the final project was
deferred after agreeing to the resolution of the final of the nine
DBC projects. The Company is pleased that, having met their
contractual obligations with the required number of payments having
been made, the performance bond has now been released.
Enquiries
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Kinovo plc
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Sangita Shah, Chairman
David Bullen, Chief Executive
Officer
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+44 (0)20 7796 4133
(via Hudson Sandler)
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Canaccord Genuity Limited (Nominated Adviser and Sole Broker)
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+44 (0)20 7523 8000
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Adam James
Andrew Potts
Harry Rees
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Hudson Sandler (Financial
PR)
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+44 (0)20 7796 4133
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Dan de Belder
Harry Griffiths
Will Reynish
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