Derivative Claim - Update

RNS Number : 8219V

Elektron Technology PLC

20 April 2016

 

Elektron Technology plc

("Elektron" or the "Company")

Derivative Claim - Update

Further to the announcement on 19 October 2015, Mr Bridge's application for permission to appeal against the judgment of His Honour Judge Hodge QC made on 17 June 2015 was dismissed by Lord Justice Kitchin at the hearing on 20 April 2016.  Lord Justice Kitchin came to the firm conclusion that Mr Bridge's appeal would not have a real prospect of success on any of the grounds put forward.

There is no further route of appeal available to Mr Bridge.

For further information:

Elektron Technology  www.elektron-technology.com	[phone]
Andy Weatherstone - Chief Financial Officer
Martin Reeves - Company Secretary
finnCap (Nominated Adviser and Broker)	[phone]
Ed Frisby/Scott Mathieson (Corporate Finance)
Malar Velaigam (Corporate Broking)

Notes to Editors

Elektron conceives, designs and markets innovative engineered products and services for businesses that connect, monitor and control

We have a multi skilled team of engineers, software and product line specialists based in Cambridge focused on the opportunities created by global trends in the following areas:

   --      New waves of "aware" business applications: Checkit

   --      Demand for ubiquitous power and data: Bulgin

   --      Growth in high precision manufacture: Queensgate

In addition, Elektron owns a portfolio of well-established products and brands that provide cash flow as well as customer access and feedback.

Elektron Technology plc's shares are admitted to trading on the AIM market of the London Stock Exchange (AIM: EKT).

 

END

 

 

MSCLLFEVSVIIFIR