Update on High Court Action

RNS Number : 3575X

Vordere PLC

18 December 2019

 

18 December 2019

VORDERE PLC

("Vordere" or the "Company)

Update on High Court Action

At hearings in the High Court in London on 13 and 16 December 2019, the Company consented to the continuation by the Court of an injunction made against the Company, Ritz Property Investimentos Imobiliarios EIRELI ("Ritz"), Aurora Capital Ltd ("Aurora") and GFG UK Ltd ("GFG UK"), which prevents the registration of any transfer of the shares in the Company held by Ritz, Aurora and GFG UK, pending the resolution of the claim made by Mr John O'Donnell for orders setting aside a transaction made between the Company and Ritz in October 2019.

The Court also made orders for service of the Court documents on Ritz in Brazil and Aurora in Cayman, which will be completed in the coming weeks. The Company, Ritz, Aurora and GFG UK will then be required to take a formal position in relation to Mr O'Donnell's claim and case will proceed to be resolved by the Court.

Enquiries

Vordere PLC
Claire Jackson, Company Secretary	[phone]
Peterhouse Corporate Finance Limited
Lucy Williams / Duncan Vasey	[phone]

Further information may be found at: http://vordere.com

LEI number of Vordere PLC: 213800VALWEYWTLOX423

 

END

 

 

FURGGGWWPUPBGPR