Statement re Recent High Court Hearing

RNS Number : 6497R

Triad Group Plc

01 March 2019

 

Legal Entity Identifier (LEI) No. 213800MDNBFVEQEN1G84

Triad Group Plc

Statement re Recent High Court Hearing

I refer to my announcement dated 3 January 2019.

At a High Court hearing on 12 February 2019 the Company sought, and successfully obtained, default judgment in respect of the claim referred to in my announcement (High Court of Justice, Queen's Bench Division, Media and Communications List, Claim Number QB-2018-000581: Triad Group Plc, Nicholas Burrows, Alistair Fulton v Mira Makar).

The Company was also awarded, in full, its associated legal costs in bringing the matter before the Court.

The Court's written judgment was handed down yesterday and can be viewed at http://www.bailii.org/ew/cases/EWHC/QB/2019/423.html.

Mira Makar is the registered holder of 3,951,452 shares in the Company (24.74%) which makes her the second largest shareholder by a substantial margin.  We trust she will lend her full support to the current successful efforts to take the Company forward.  The Company remains as always open to a constructive dialogue with Ms Makar in order to describe and explain current developments and progress.

Dr J C Rigg

Executive Chairman, Triad Group Plc

1 March 2019

 

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