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Cash inflow regarding R&D spend

8th Aug 2011 07:00

RNS Number : 8966L
Tristel PLC
08 August 2011
 



 

 

8 August 2011

TRISTEL plc

("Tristel" or the "Company ")

 

Cash inflow regarding R&D spend

 

Tristel plc (AIM : TSTL), the manufacturer of infection control, contamination control and hygiene products, announces it has received a corporation tax cash refund of £350,000 as a result of a retrospective research and development (R&D) tax claim. The funds received strengthen the Group's cash position.

As a consequence of the R&D tax relief the corporation tax accounts charge for the financial years 2010-11 and 2011-12 will be lower than previously anticipated, positively impacting earnings per share.

Appointment of Distributors

Following the Company's announcement in June that it has received regulatory approval for the Tristel Wipes System from the Therapeutic Goods Association (TGA), the body that regulates disinfectant use in Australia, Tristel is appointing two distributors to serve the Australian market. AshMed Pty Ltd will distribute the Wipes System into the urology and ear, nose and throat (ENT) markets. AshMed is also the distributor for Australia for Vision Science's revolutionary non-lumened cystoscopes. Scanmedics Pty Ltd will distribute the Wipes System into the hospital ultrasound market and is also the distributor for Australia for BK Medical's ultrasound products. Urology, ENT and ultrasound are key target markets for Tristel's Wipes System. Product sales have commenced in Australia.

For further information, please contact:

 

 

Tristel PLC

 

Paul Swinney, Chief Executive

Tel: 01638 721 500

 

[email protected]

Liz Dixon, Finance Director

Tel: 01638 721 500

 

[email protected]

 

 

Walbrook PR Ltd

Tel: 020 7933 8787

Paul McManus

Mob: 07980 541 893

 

[email protected]

 

 

finnCap plc

 

Geoff Nash(Corporate Finance)

Tel: 020 7600 1658

Charlotte Stranner (Corporate Finance)

Tel: 020 7600 1658

Simon Starr (Corporate Broking)

Tel: 020 7220 0516

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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