StockMarketWire.com - Domain registry company Minds + Machines said it had settled a legacy onerous contract with a one-off payment of $5.1m.

The company said it had saved $2.8m given the contract had future liabilities estimated at $7.9m.

'The directors estimate additional net revenues of approximately $0.5m can be generated to the company through the remainder of the contract under the revised terms,' it added.

Minds + Machines said it 'continued to trade well' in the fourth quarter and would provide a full trading update in January.


At 2:45pm: [LON:MMX] Minds Machines Group Ltd share price was +0.05p at 6.8p



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