April 25 (Reuters) - Navitas Ltd (NVT) : Contingent liability...

April 25 (Reuters) - Navitas Ltd (NVT) :

• Contingent liability update UK vat decision (NVT)
• Navitas does not expect any material impact to sae's future earnings
• Sae UK will now be able to claim a credit in respect of any vat paid on

  expenses incurred

• Confirm our previously announced guidance
• FY 2016 EBITDA will remain broadly in line with FY 2015
• Has been informed that hmrc has successfully appealed against one of navitas'

  UK units in a case regarding vat exemption in UK's upper tribunal