AGS Transact Technologies Limited — Others, 23-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

AGS Transact Technologies has provided an update regarding ongoing litigation matters, clarifying disputes with Transline Technologies, Start Italiana, and Applied Communications (Ireland) Limited. The disputes primarily stem from payment issues related to equipment and services. Both Transline and Start Italiana matters have been amicably resolved, with payments scheduled or completed, while the ACI case has resulted in a settlement amounting to USD 5.41 million, with USD 2.32 million still due.

This resolution minimizes potential financial strain and improves operational stability. Investor sentiment may lean positively as these settlements could reduce uncertainties and enhance cash flow management.