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Pin to quick picksAssetco Regulatory News (ASTO)

Share Price Information for Assetco (ASTO)

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Litigation Update

31 Jan 2019 09:24

RNS Number : 6755O
AssetCo PLC
31 January 2019
 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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