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17,417.68
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40,287.53
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8,155.72
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Oil
80.25
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Gold
2,402.80
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Lithium
41.42
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Iron Ore
104.4
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Hang Seng
17,417.68
(-2.03%)
Dow Jones
40,287.53
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40,063.79
(-0.16%)
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8,155.72
(-0.6%)
USD/AUD
0.6690
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Bitcoin
66,838.08
(0.44%)
Oil
80.25
(-3.1%)
Gold
2,402.80
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Lithium
41.42
(1.37%)
Iron Ore
104.4
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Hang Seng
17,417.68
(-2.03%)
Dow Jones
40,287.53
(-0.93%)
Nikkei 225
40,063.79
(-0.16%)
FTSE 100
8,155.72
(-0.6%)
USD/AUD
0.6690
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Bitcoin
66,838.08
(0.44%)
Oil
80.25
(-3.1%)
Gold
2,402.80
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Lithium
41.42
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Iron Ore
104.4
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Hang Seng
17,417.68
(-2.03%)
Dow Jones
40,287.53
(-0.93%)
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40,063.79
(-0.16%)
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8,155.72
(-0.6%)
USD/AUD
0.6690
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Bitcoin
66,838.08
(0.44%)
Oil
80.25
(-3.1%)
Gold
2,402.80
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Lithium
41.42
(1.37%)
Iron Ore
104.4
(-1.03%)
Hang Seng
17,417.68
(-2.03%)
Dow Jones
40,287.53
(-0.93%)
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40,063.79
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8,155.72
(-0.6%)
USD/AUD
0.6690
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66,838.08
(0.44%)
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80.25
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Gold
2,402.80
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Lithium
41.42
(1.37%)
Iron Ore
104.4
(-1.03%)
Hang Seng
17,417.68
(-2.03%)
Dow Jones
40,287.53
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Nikkei 225
40,063.79
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FTSE 100
8,155.72
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USD/AUD
0.6690
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66,838.08
(0.44%)
Oil
80.25
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Gold
2,402.80
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Lithium
41.42
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104.4
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17,417.68
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40,287.53
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40,063.79
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8,155.72
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0.6690
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66,838.08
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80.25
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Gold
2,402.80
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41.42
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Iron Ore
104.4
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17,417.68
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40,287.53
(-0.93%)
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40,063.79
(-0.16%)
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8,155.72
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0.6690
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66,838.08
(0.44%)
Oil
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2,402.80
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41.42
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Iron Ore
104.4
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8,155.72
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66,838.08
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80.25
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2,402.80
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104.4
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104.4
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66,838.08
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80.25
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41.42
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104.4
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80.25
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2,402.80
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104.4
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40,063.79
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USD/AUD
0.6690
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66,838.08
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Oil
80.25
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Gold
2,402.80
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Lithium
41.42
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Iron Ore
104.4
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Hang Seng
17,417.68
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Dow Jones
40,287.53
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40,063.79
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FTSE 100
8,155.72
(-0.6%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
66,838.08
(0.44%)
Oil
80.25
(-3.1%)
Gold
2,402.80
(-2.18%)
Lithium
41.42
(1.37%)
Iron Ore
104.4
(-1.03%)

Electro Optic Systems (ASX: $EOS) continues discussions with lender whsp

Overview of EOS's ongoing discussions with WHSP


Electro Optic Systems Holdings (ASX: $EOS) is currently engaged in commercial discussions with its primary lender, Washington H. Soul Pattinson (WHSP), regarding a disputed fee claim. The company had previously received a claim for payment of a $4.5 million fee within 7 days from WHSP, related to consent provided for issuing guarantees supporting a cash generative sale. EOS has been disputing the fee claim and is in ongoing discussions with WHSP to review the matter and explore mutually agreeable commercial outcomes. WHSP has agreed not to pursue collection of the disputed amount until 8 December 2023.

Executive Commentary on the Ongoing Discussions


EOS continues to engage in commercial discussions with WHSP regarding the disputed fee claim. We are committed to reviewing the matter and working towards a mutually agreeable commercial outcome. WHSP's agreement not to pursue collection of the disputed amount until 8 December 2023 provides us with the opportunity to explore options and reach a resolution. We appreciate the ongoing dialogue with WHSP and remain focused on finding a constructive path forward.

Summary of EOS's Current Position and Outlook


Electro Optic Systems Holdings (ASX: $EOS) is actively involved in discussions with its primary lender, WHSP, to address the disputed fee claim. The company is focused on exploring mutually agreeable commercial outcomes and is appreciative of WHSP's decision not to pursue collection of the disputed amount until 8 December 2023. As EOS continues its commercial discussions, it remains committed to finding a constructive resolution. The company's dedication to engaging in dialogue and seeking a positive way forward reflects its commitment to addressing the matter effectively and in the best interest of all involved parties.

Sourcehttps://announcements.asx.com.au/asxpdf/20231124/pdf/05xsfjsw0wtr1d.pdf

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