Cake Box Holdi. Regulatory News (CBOX)

8 Feb 2007 18:14

Cashbox PLC08 February 2007 Cashbox plc ("the Company") Statement re Press Comment The Company notes recent press comment regarding the ongoing litigation between,inter alia, Hanco and Cashbox ATM Systems Ltd ("ATM"). The Company confirms thaton 29 November 2006, summary judgment was handed down against Carl Thomas, theCompany's CEO, and ATM relating to certain claims forming part of the litigationand an interim award application has been made by Hanco. ATM and Carl Thomasintend to appeal the summary judgment and will vigorously defend the interimaward application. The next hearing on the case is currently expected on 21February 2007. It should be noted that as set out in the Company's Admission Document dated 24March 2006, an unlimited indemnity, in favour of the Company and ATM, has beengiven by Anthony Sharp, Chairman, and Carl Thomas. The further indemnity fromKKR Investment Management SA has not yet been put in place. This information is provided by RNS The company news service from the London Stock Exchange