Settlement of Claim against Dewhurst (Hungary) Kft

RNS Number : 8051Q

Dewhurst PLC

22 June 2015

 

Dewhurst PLC

("Dewhurst" or the "Company")

Settlement of Claim against Dewhurst (Hungary) Kft

Dewhurst plc announces the settlement of the claim (previously notified on 31 January 2014 - see RNS number: 0166Z) against Dewhurst (Hungary) Kft, a subsidiary of the Company, by AIG Specialty Insurance Co.

Following dismissal of the lawsuit in the Arizona Court, without admission or finding of liability, Dewhurst (Hungary) Kft and AIG have agreed a confidential full and final settlement of all claims arising from this dispute. There is no material impact on current market expectations for the results of Dewhurst in either this or future financial years.

For further details please contact:

Dewhurst Plc Tel: [phone]

Richard Dewhurst, Chairman

Jared Sinclair, Finance Director

Cantor Fitzgerald Europe (Nominated Adviser) Tel: [phone]

David Foreman / Will Goode (Corporate Finance)

David Banks / Tessa Sillars (Corporate Broking)

 

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