Kromek Group plc (GB:KMK) has released an update.
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Kromek Group plc has secured a £4.9 million loan from significant shareholder Dr Graeme Speirs’ investment vehicle, Polymer N2 Ltd. The loan, which carries a fixed interest rate of 9.5%, aims to bolster Kromek’s position in radiation and bio-detection technology markets. This financial move is seen as favorable for shareholders, offering the company flexibility in managing repayments.
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