Last checked at 31 Jan 2019 09:24
Issued on behalf of AssetCo plc
Immediate Release
31 January 2019
AssetCo plc
("AssetCo" or the "Company")
Litigation Update
In a judgment, which was handed down this morning in AssetCo's case against Grant Thornton LLP ("GT"), AssetCo has been awarded damages of approximately £21 million before an additional amount for interest on the damages and costs of the litigation.
There will be a further court hearing before the end of February to determine the final sum and to hear any grounds for permission to appeal that GT put forward. The Company shall update shareholders on any further developments regarding the litigation against GT as and when appropriate.
Enquiries: |
Tudor Davies, Chairman |
AssetCo plc |
Tel: +44 (0) 7785 703523 Or +44 (0) 20 7614 5900 |
Ticker AIM: ASTO.L www.assetco.com
|
John Llewellyn-Lloyd / Ciaran Walsh |
Arden Partners plc |
Tel: +44 (0) 20 7614 5900 |
Fiona Tooley |
TooleyStreet Communications |
Mobile: +44 (0) 7785 703 523 |
Email: fiona@tooleystreet.com |