RE: Del - the amended partics of claim5 May 2023 11:23
As per the pleadings, they require a declaration from the couort for breach of articles of association point 9.6, a direction on obtaining indemnity or otherwise from the Judge as now incapable of obtaining the same, and an order that the company deliver the replacement certificates. If they succeed, then they will be entitled to damages, and the Judge will need to assess at what point they might have sold some shares , how many, and at what price, and that will then form the loss to which they will be entitled to be compensated, and then it follows, that they will be awarded costs. The Judge can also at his discretion order any further financial relief that he sees fit. If the company win, it will be the other way around of course, and whilst the Judge might well take issue about the conduct of both parties in not actually dealing with the matter when indemnity insurance was on offer, the fact that the claimants have had no option in the end but to seek the redress of the court, due to the substantial delays they hav encoutered from the company's registrars and so on, and the fact the certificates haven't been replaced, then damages could be substantial if they do lose as Queeld alone hold over 300 million shares from recollection.