TSP TruSpine Technologies Plc

TIDMTSP

RNS Number : 2606E

TruSpine Technologies PLC

28 June 2023

28 June 2023

TruSpine Technologies plc

("TruSpine" or the "Company")

Loan repayment & Update

TruSpine Technologies Plc, the medical device company focused on the spinal (vertebral) stabilisation market, announces that, further to the announcement on 25 April 2023, the Company has repaid the GBP100,000 loan and accrued interest under the Loan Agreement with Annabel Schild. The Funding Loan was repaid from existing cash resources following receipt of a HMRC R&D tax credit of approximately GBP200,000 ("Tax Credit").

Update on Working Capital

The Company has limited working capital resources and continues to carefully manage its cash position.

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Company's announcement of 25 April 2023.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation, and the Directors of the Company are responsible for the release of this announcement.

Enquiries:

 
 TruSpine Technologies Plc                                         Tel: +44 (0)20 7118 0852 
 Laurence Strauss, Chief Executive Officer 
 
 Cairn Financial Advisers LLP (AQSE Corporate Adviser)             Tel: +44 (0)20 7213 0880 
 Liam Murray / Ludovico Lazzaretti 
 Oberon Capital (Joint Broker) 
                                                                   Tel: +44 (0)20 3179 5300 
 Mike Seabrook / Chris Crawford 
 Peterhouse Capital Limited (Joint Broker & Financial Adviser) 
                                                                   Tel: +44 (0)20 7469 0930 
 Lucy Williams / Duncan Vasey 
 Novus Communications (PR and IR)                                  Tel: +44 (0)20 7448 9839 
 Alan Green / Jacqueline Briscoe                                    novuscomms@truspine.org 
 

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(END) Dow Jones Newswires

June 28, 2023 07:13 ET (11:13 GMT)

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