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  3. Assetco Share Price
  4. Assetco Share Regulatory News
  5. Grant Thornton to settle claim

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Grant Thornton to settle claim

2 Oct 2020 15:51

RNS Number : 0058B
AssetCo PLC
02 October 2020
 

 

 

 

 

Friday, 2 October 2020

 

 

 

 

 

AssetCo plc

("AssetCo" or the "Company")

Providers of management and resources to the fire and emergency services in the Middle East

 

Grant Thornton to settle claim

 

 

 

AssetCo is pleased to announce that it was informed today by Grant Thornton (GT) that it does not intend to seek permission from the Supreme Court to appeal against the Judgment of the Court of Appeal handed down on 28 August 2020.

 

The Company is now entitled to be paid out approximately £28.6m from the monies GT previously paid into Court and to recover from GT the balance of its costs.

 

After receipt of these monies AssetCo will have cash balances of approximately £55m and, after settling costs and liabilities, net assets in the region of £52m.

 

 

 

 

 

Enquiries:

AssetCo plc

Tudor Davies, Chairman

Tel: +44 (0) 7785 703523

+44 (0) 20 7614 5900

Arden Partners plc

Nominated adviser and broker

John Llewellyn-Lloyd/ Ciaran Walsh

Tel: +44 (0) 20 7614 5900

TooleyStreet Communications

Fiona Tooley

Email: fiona@tooleystreet.com

Mobile: +44 (0) 7785 703523

 

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Date   Source Headline
15th Sep 20217:00 amRNSDirector Appointment and CEO Change
30th Jul 20218:00 amRNSCompletion of acquisition
29th Jul 202111:31 amRNSAdmission of Consideration Shares
29th Jul 20219:09 amRNSHolding(s) in Company
28th Jul 20214:08 pmRNSHolding(s) in Company
27th Jul 20213:24 pmRNSHolding(s) in Company
27th Jul 202112:15 pmRNSHolding(s) in Company
23rd Jul 202111:05 amRNSSecond Price Monitoring Extn
23rd Jul 202111:00 amRNSPrice Monitoring Extension
22nd Jul 20215:14 pmRNSResult of the Placing
22nd Jul 20217:01 amRNSProposed Placing
22nd Jul 20217:00 amRNSAcquisition
1st Jul 202110:00 amRNSAcquisition
28th Jun 20217:00 amRNSHalf-year Report
24th May 20214:40 pmRNSSecond Price Monitoring Extn
24th May 20214:35 pmRNSPrice Monitoring Extension
14th May 20217:00 amRNSAcquisition
15th Apr 202111:41 amRNSResult of Annual General Meeting & General Meeting
31st Mar 202111:30 amRNSSchedule One - AssetCo Plc
26th Mar 20217:00 amRNSProposed change in strategy & Readmission Document
26th Feb 20217:00 amRNSPreliminary results - year ended 30 September 2020
8th Feb 202112:06 pmRNSHolding(s) in Company
8th Feb 20217:00 amRNSFurther shares acquired in R&M and Strategy Update
25th Jan 20217:00 amRNSAppointment of Directors
18th Jan 20213:32 pmRNSHolding(s) in Company
18th Jan 20211:07 pmRNSHolding(s) in Company
13th Jan 20211:40 pmRNSHolding(s) in Company
13th Jan 202110:35 amRNSHolding(s) in Company
11th Jan 20216:13 pmRNSHolding(s) in Company
11th Jan 20214:41 pmRNSSecond Price Monitoring Extn
11th Jan 20214:36 pmRNSPrice Monitoring Extension
11th Jan 20213:17 pmRNSHolding(s) in Company
11th Jan 20212:00 pmRNSPrice Monitoring Extension
11th Jan 20219:05 amRNSSecond Price Monitoring Extn
11th Jan 20219:00 amRNSPrice Monitoring Extension
11th Jan 20217:00 amRNSAcquisition of 29.8% shareholding
8th Jan 202110:51 amRNSAcquisition of 2.9% stake in River and Mercantile
7th Jan 20216:06 pmRNSHolding(s) in Company
22nd Dec 20207:00 amRNSOversubscribed Tender Offer
21st Dec 20203:37 pmRNSHolding(s) in Company
17th Dec 202010:33 amRNSResult of Meeting and Total Voting Rights
2nd Dec 20207:00 amRNSTender Offer
2nd Oct 20203:51 pmRNSGrant Thornton to settle claim
18th Sep 20203:33 pmRNSCourt of Appeal update
28th Aug 202012:36 pmRNSLitigation update: Result-Court of Appeal Hearing
5th Aug 20201:13 pmRNSCapital Reduction - Result of Court Hearing
10th Jul 202012:01 pmRNSResult of Meeting
10th Jun 20207:01 amRNSProposed Capital Reduction & Notice of Meeting
10th Jun 20207:00 amRNSHalf-year Report - six months ended 31 March 2020
24th Apr 20201:39 pmRNSResult of AGM
12345678910

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