Notice of a claim against the Company

RNS Number : 9455S

Treatt PLC

06 December 2012

 



6 December 2012

TREATT PLC

("Treatt" or "the Company")

Notice of a claim against the Company

Treatt announces that the sellers of the Earthoil Group, which was acquired by the Company in April 2008, have filed a claim in the Chancery Division of the High Court against Treatt for £1.8m. Treatt has received that claim today.

The claim relates to various matters in respect of the Earn-out, being the deferred consideration payable to the sellers in respect of the acquisition of the Earthoil Group.   The Company confirms that the claim will be defended vigorously as the Board considers that no sums are due to the sellers in relation to this claim.

END

Contact details

Anita Steer

Company Secretary

++ 44 1284 770028

 

END

 

 

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