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Harvest Technology Group Ltd (ASX:HTG)

ALERT: Price-sensitive ASX Announcement for HTG
Current share price for HTG : $0.012 -0.009 (-42.86%)+
Announcement
Release
13 Oct 2025 9:31AM
Price at Release
$0.021
Full Release
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Summary
Harvest Technology Group Limited (ASX: HTG) announced the execution of a final Settlement Agreement with the owners of the Vos Shine vessel, which was initially chartered by Harvest in May 2019. The settlement resolves all claims related to the redelivery of the vessel in December 2021. The agreement includes a payment of approximately A$725,000 to Harvest by the vessel's owners, which has been confirmed as received. Harvest's CEO, Ilario Faenza, indicated that the issue was a long-standing one, but has now been resolved satisfactorily, allowing the company to focus on its core technology business. All related costs had been expensed, ensuring a positive financial impact from the settlement.
Key Points
  • Settlement Agreement executed with Vos Shine vessel owners
  • Vos Shine was chartered by Harvest in May 2019
  • Settlement resolves claims from vessel redelivery in December 2021
  • Harvest received approximately A$725,000
  • CEO Ilario Faenza states issue is resolved satisfactorily
  • All related costs expensed, leading to positive financial impact
  • Harvest to focus on core technology business post-settlement
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.