Corporate Travel Management Provides Update on UK Customer Remediation
Key points
- Significant progress in resolving UK customer remediation
- Developed a funding plan to address staged refunds
- Discussions with lenders and key customers are advanced
Full summary
Corporate Travel Management Ltd. (ASX:CTD) has confirmed that significant progress has been made towards resolving the UK customer remediation issues. The company has developed a funding plan to address the staged and orderly refund arrangements for affected UK customers. CTM is in the final stages of documenting and finalizing commercial agreements with key impacted customers in the UK and is engaged in productive discussions with its lenders regarding the proposed customer arrangements and related funding requirements. The company aims to release its audited FY25 financial statements and reviewed 1H26 financial statements by 30 June 2026.
Guidance
none
Outlook
none
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