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  2. Share Prices
  3. Assetco Share Price
  4. Assetco Share News
  5. IN BRIEF: AssetCo Notes Court Reducing Damages To GBP20.8 Million

Pin to quick picksAssetco Share News (ASTO)

Assetco Information

Share Price Information for Assetco (ASTO)

London Stock Exchange
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Share Price: 33.00
Bid: 32.00
Ask: 34.00
Change: 0.00 (0.00%)
Spread: 2.00 (6.25%)
Open: 33.00
High: 33.00
Low: 33.00
Prev. Close: 33.00
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IN BRIEF: AssetCo Notes Court Reducing Damages To GBP20.8 Million

Fri, 28th Aug 2020 17:31

AssetCo PLC - fire and emergency services provider - Notes that Court of Appeal has dismissed law firm Grant Thornton LLP's attempt to set aside whole award of damages granted at first instance. However, court has disallows payment of GBP1.5 million for losses and has ordered AssetCo must give credit for July 2009 GBP7.5 million share issuance.

Damages awarded to AssetCo has been reduced to GBP20.8 million from GBP29.8 million, before a 25% deduction for contributory negligence. AssetCo made a negligence claim against its former auditors, which resulted in a trial in June 2018. The verdict was in favour of AssetCo and Grant Thornton was made to pay GBP22.4 million in damages, plus GBP6.5 million in interest and GBP5 million in costs.

Current stock price: 392.00 pence

Year-to-date change: down 99%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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19 May 2022 10:54

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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25 Mar 2022 13:28

IN BRIEF: River & Mercantile widens half-year loss, ups revenue

River & Mercantile Group PLC - London-based advisory and asset management company - More than doubles its loss in the first half of its 2022 financial year. It posts a loss of GBP13.4 million for the half-year ending on December 31, widening from GBP6.0 million a year ago. Revenue grows 4.2% to GBP13.5 million from GBP12.9 million. As previously reported, subject to shareholders' approval and change of control permission being granted by the Financial Conduct Authority, River & Mercantile will soon be part of AssetCo PLC, Chair Jonathan Dawson says.

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4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

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18 Feb 2022 18:20

TRADING UPDATES: Annual profit hikes for AssetCo and TBC Bank

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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18 Feb 2022 14:44

AssetCo performa well as it plans River and Mercantile takeover

(Sharecast News) - Asset and wealth management company AssetCo reported £9.6bn in assets under management in its preliminary results on Friday, up from nil year-on-year.

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1 Feb 2022 11:47

River & Mercantile completes sale of solutions arm to Schroders

River & Mercantile completes sale of solutions arm to Schroders

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1 Feb 2022 08:31

LONDON BRIEFING: Shares in retailer Joules plunge on business woes

LONDON BRIEFING: Shares in retailer Joules plunge on business woes

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TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

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25 Jan 2022 14:43

River & Mercantile agrees to GBP99 million AssetCo takeover

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25 Jan 2022 14:28

UPDATE 2-Acquisition vehicle AssetCo to buy UK investment firm River & Mercantile

(Adds RMG's sale of U.S. Solutions business, updates share move)Jan 25 (Reuters) - UK-based acquisition vehicle AssetCo said on Tuesday it will buy investment and consulting firm River & Mercantile Group (RMG), in a deal, which along with a plann...

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25 Jan 2022 14:28

UPDATE 1-Acquisition vehicle AssetCo to buy UK investment firm River & Mercantile

(Adds detail, chairman comment, shares)Jan 25 (Reuters) - UK-based acquisition vehicle AssetCo said on Tuesday it will buy investment and consulting firm River & Mercantile Group (RMG), in a deal, which along with a planned capital return, will va...

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25 Jan 2022 12:45

AssetCo to buy River and Mercantile in £98.8m deal

(Sharecast News) - Acquisitions vehicle AssetCo has agreed to buy asset management firm River and Mercantile in an all-share £98.8m deal.

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24 Jan 2022 19:04

PRESS: AssetCo close to agreeing deal to buy River & Mercantile

PRESS: AssetCo close to agreeing deal to buy River & Mercantile

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18 Jan 2022 14:51

IN BRIEF: River & Mercantile extends deadline for AssetCo offer

IN BRIEF: River & Mercantile extends deadline for AssetCo offer

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