Tagging group seeks to rebuild confidence after lost Government contract

SOLID STATE has said its core businesses will shortly announce results in line with expectations as the group seeks to rebuild confidence after the loss of a major Government contract.

In February the Ministry of Justice (MoJ) decided to terminate a £34m tagging project, which caused the group’s share price to plunge 42% in 10 minutes. Solid State has said negotiations in relation to the settlement of the terminated contract with the MoJ are now “at an advanced stage”.

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