ZUTEC REACHES SETTLEMENT ON QATAR RECEIVABLE
Zutec Holding AB (publ) (“Zutec") today announced that it has reached an out-of-court settlement in relation to the Qatar receivable. The settlement is inter alia conditional upon Zutec receiving two payment installments; one in May 2020 and one in June 2020. Should such payments be received, Zutec will withdraw its arbitration filing. As has been previously disclosed the receivable is in relation to unpaid invoices of approximately SEK 11.5m recorded as sales in the financial year ending June 2018. In the quarter ending March 2019, Zutec wrote down the receivable to 90% and then made a