Litigation Update

RNS Number : 6755O

AssetCo PLC

31 January 2019

 

Issued on behalf of AssetCo plc

Immediate Release

31 January 2019

AssetCo plc

("AssetCo" or the "Company")

Litigation Update

In a judgment, which was handed down this morning in AssetCo's case against Grant Thornton LLP ("GT"), AssetCo has been awarded damages of approximately £21 million before an additional amount for interest on the damages and costs of the litigation.

There will be a further court hearing before the end of February to determine the final sum and to hear any grounds for permission to appeal that GT put forward. The Company shall update shareholders on any further developments regarding the litigation against GT as and when appropriate.

Enquiries:

Tudor Davies, Chairman

AssetCo plc

Tel: [phone] Or   [phone]

Ticker AIM: ASTO.L www.assetco.com

John Llewellyn-Lloyd / Ciaran Walsh

Arden Partners plc

Tel: [phone]

Fiona Tooley

TooleyStreet Communications

Mobile: [phone]

Email: [e-mail]

 

END

 

 

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