London, 8th July: London-listed Hyve Group plc has released its trading update for the three-month period from 1st April to 30th June (Q3).

During the quarter, the company ran 18 in-person events, for a total of 28 events held for the financial year. In respect of cancelled events, £2.1 million (US$2.9 million) of further insurance claims have been approved. Therefore, net debt as of 30th June was reduced to £73 million (US$101 million), from £92.4 million (US$128 million) as of 31st March 2021.