Settlement of Legal Proceedings

RNS Number : 9108P

AorTech International PLC

08 October 2013

 



AorTech International Plc ("Aortech" or the "Company")

As previously announced, AorTech had agreed to a mediation process to resolve the dispute with SynCardia.  AorTech is now able to announce that a settlement has been reached.  The terms of the settlement are confidential.  However, AorTech can confirm that there will be no adjustment required to the AorTech group balance sheet as a result of the Settlement Agreement.

Enquiries:

AorTech International plc

Bill Brown, Chairman

Tel: [phone]

finnCap

Stuart Andrews/Rose Herbert
finnCap as Nominated Adviser
Tel: [phone]

 

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