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Agreement ends lawsuit against Minds + Machines

Thu, 19th May 2016 16:18

(ShareCast News) - Minds + Machines served up some positive news to its investors on Thursday, notifying them that the lawsuit against the company and all other defendants - brought by Fred Krueger - has been dismissed without prejudice.The AIM-traded firm had initially announced the lawsuit on 26 February, saying it related to five million shares of the company's stock issued to Krueger in 2007.At the time, its board said it believed Krueger's claims were "without merit".On Thursday, the board confirmed the dismissal, saying it was pursuant to a tolling agreement between the parties."The company and other defendants named in the dismissed suit have made no settlement, monetary or otherwise, and have admitted no liability, with respect to the entering into of the tolling agreement and dismissal of the suit," Minds + Machines' board said in a statement.It added that the tolling agreement provides that if the plaintiffs refile their suit, that any statute of limitation defenses of the defendants will be based on the date of the filing of the dismissed suit - 23 February 2016 - but will not be deemed to revive any of the plaintiff's causes of action, rights, legal positions or defenses, at law or in equity, that were time-barred prior to that date.

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18 Jun 2018 12:34

Minds + Machines Gets ICANN Approval For ICM Registry Acquisition

LONDON (Alliance News) - Minds + Machines Group Ltd said Monday it has received approval for its USD30.6 million acquisition of ICM Registry LLC from the Internet Corporation for Assigned internet

4 May 2018 11:02

WINNERS & LOSERS SUMMARY: Pearson Rises As It Makes Good Start To Year

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 4.6%. The education publisher reiterated its

4 May 2018 10:33

Minds + Machines To Acquire ICM Registry For USD41 Million

LONDON (Alliance News) - Minds + Machines Group Ltd on Friday swung a profit for 2017 and said that it has signed a deal to buy the entire membership interests of the US company ICM Registry owner

21 Dec 2016 09:23

Minds + Machines Confident On US And Europe, Welcomes China Approval

5 Dec 2016 14:04

Minds + Machines gets Chinese approval for dot VIP domains

(ShareCast News) - Internet top-level domain owner and operator Minds + Machines Group announced on Monday that it has received official approval from the Ministry of Industry and Information Technology of the People's Republic of China for its dot VIP top-level domain. The AIM-traded firm said the

7 Nov 2016 10:01

Minds + Machines 'upbeat' about outlook for 2016

(ShareCast News) - Minds + Machines Group, which owns and operates internet domains, reported that it has made progress with its domains in Europe, China and the US, while it remains "upbeat" about the outlook for the rest of the year. The company said that 24 of its top-level domains have now been

7 Nov 2016 09:29

Minds + Machines 2016 Outlook Upbeat After Developments In Key Markets

12 Oct 2016 08:46

Minds + Machines Completes Buy Back Of 13% Stake In Firm

4 Oct 2016 10:34

Minds + Machines completes tender offer and subscription

(ShareCast News) - Minds + Machines Group announced the results of its tender offer and subscription on Tuesday, after the exercise closed at 1.00pm on Monday. The AIM-traded company confirmed 100,000,000 ordinary shares will be purchased at a price of 13p per share, for an aggregate consideration o

15 Jun 2016 10:58

DIRECTOR DEALINGS: Minds + Machines CEO Doubles Shareholding

7 Jun 2016 07:05

Minds + Machines Sees "Significant Increase" In .VIP Takeup

27 May 2016 11:06

DIRECTOR DEALINGS: Minds + Machines Chairman Buys Shares

26 May 2016 15:19

Director dealings: Ex-Asos CEO Robertson sells shares to fund divorce

(ShareCast News) - Asos's ex-chief executive Nick Robertson has dumped 1.3m shares at 3,525p on Thursday in order to fund an expensive divorce. Roberston, now a non-executive director, completed an accelerated secondary placing to institutional investors that will reap a gross £46m to help pay for t

26 May 2016 08:51

DIRECTOR DEALINGS: Minds + Machines Chairman Buys 300,000 Shares

23 May 2016 07:29

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