Jan 18 (Reuters) - EML Payments Ltd (EML) :
- EML PAYMENTS TO EXIT 'PCSIL' BUSINESS
- LIQUIDATOR HAS BEEN PROVISIONALLY APPOINTED BY HIGH COURT OF IRELAND WITH IMMEDIATE EFFECT TO CONDUCT WIND DOWN
- GOING FORWARD, EML'S REMAINING EXPOSURE TO PCSIL IS LIMITED TO A$20 MILLION OF CASH OUTFLOW BEING REPAYMENT OF INTERCOMPANY BALANCES
- GOING FORWARD EML'S REMAINING EXPOSURE TO PCSIL IS LIMITED TO ABOUT A$25 MILLION NON-CASH IMPAIRMENT TO FY24 FINANCIAL ACCOUNTS
- FOLLOWING CONCLUSION OF LIQUIDATION & REPAYMENT OF INTERCOMPANY BALANCES, EXPECTS FREE CASH FLOW TO MATERIALLY IMPROVE
- PCSIL WILL BE DECONSOLIDATED FROM EML GROUP EFFECTIVE 16 JANUARY 2024
- WIND DOWN OF PCSIL NOT EXPECTED TO IMPACT ON PREVIOUSLY STATED FY24 GUIDANCE
Jan 18 (Reuters) - EML Payments Ltd (EML) : EML PAYMENTS TO...
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