Litigation update

RNS Number : 6755A

AssetCo PLC

31 May 2019

 

Friday, 31 May 2019

Immediate Release

AssetCo plc

("AssetCo")

Providers of management and resources to the fire and emergency services in the Middle East

Litigation update

In the claim for negligence against AssetCo's former auditor, Grant Thornton, AssetCo announces that a single Lord Justice of the Court of Appeal has granted permission to Grant Thornton to appeal to the Court of Appeal against certain aspects of the judgement handed down by Bryan J in January.

A date for the appeal will be fixed in the coming weeks but is unlikely to be before October 2019 at the earliest.

Shareholders will be kept informed of any further developments.

Enquiries: AssetCo plc Tudor Davies, Chairman Tel: [phone]         [phone]

Arden Partners plc Nominated adviser and broker John Llewellyn-Lloyd/ Ciaran Walsh Tel: [phone]

TooleyStreet Communications Fiona Tooley Email: [e-mail] Mobile: [phone]

AssetCo is principally involved in the provision of management and resources to the fire and emergency services in the Middle East.  For further details, visit the website, www.assetco.com.

Ticker: AIM: ASTO.L

Market cap: £38.83m

 

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