DCC PLC
6 February 2002
No Allegation of Unlawful Dealings
6 February 2002
DCC plc, the business support services group, wishes to state
that reports in some Irish newspapers on Tuesday 5 February
2002 that Eagle Star Life Assurance Company of Ireland Limited
('Eagle Star') and Hibernian Investment Managers Limited
('Hibernian') are alleging that transactions by Lotus Green, a
DCC subsidiary, in Fyffes shares in February 2000 were
'unlawful dealings' are not correct.
The affidavits sent to DCC by Eagle Star and Hibernian refer
to the Statement of Claim issued on behalf of Fyffes plc
against DCC, Lotus Green and others. In the affidavits Eagle
Star and Hibernian state that they have been advised by their
legal advisers that 'if the facts alleged in the said Fyffes
Statement of Claim are true' they are entitled to claim
compensation from DCC and others. The Eagle Star and
Hibernian affidavits do not allege unlawful dealings by DCC,
Lotus Green or others, as reported.
DCC has been informed by both Eagle Star and Hibernian that
their actions have been taken in order to comply with the
limitation period for proceedings under Part V of the
Companies Act, 1990 so as to preserve their respective
positions.
DCC reiterates the statement by the Board of DCC in the
Company's Stock Exchange Announcement of 24 January 2002 that
the allegations by Fyffes are wholly unjustified and utterly
without merit.
For reference:
Jim Milton
Murray Consultants
Tel. + 353 1 663 3310
+ 353 86 255 8400
Tom Byrne
Murray Consultants
Tel. + 353 1 663 3316
+ 353 86 810 4224
Michael Scholefield
DCC plc
Tel. + 353 1 279 9400
Email: investorrelations@dcc.ie
For further information on DCC: www.dcc.ie
This information is provided by RNS
The company news service from the London Stock Exchange
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