Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCloudified Holdings Limited Regulatory News (CHL)

  • This share is currently suspended. It was suspended at a price of 2.25

Share Price Information for Cloudified Holdings Limited (CHL)

Share Price is delayed by 15 minutes
Get Live Data
2.25    0.00 (0.00%)
Bid:
0.00
Ask:
0.00
Spread: 0.00 (0.00%)
Market Cap: £334.79k
CHL Live PriceLast checked at - London Stock Exchange

Intraday Cloudified Holdings Limited Share Chart

Negative Result in Licence Appeal

19 Aug 2011 10:25

RNS Number : 6859M
Churchill Mining plc
19 August 2011
 

19 August 2011 CHL: AIM

 

 

CHURCHILL MINING PLC

 

("Churchill" or the "Company")

Negative Result in the Appeal to the Administrative High Court in Jakarta

 

Churchill (AIM: CHL) advises that the appeal heard by the Administrative High Court in Jakarta in relation to PT Investama Resources and PT Investmine Nusa Persada (two of the four licenses) has been dismissed.

 

The Company has also been informed that the appeal on the balance of the licenses for PT Ridlatama Tambang Mineral and PT Ridlatama Trade Powerindo - that make up the balance of the EKCP - (in which Churchill has a 75% interest) has also been dismissed but it has not yet received the formal delivery of that ruling. A further announcement will be made as soon as such rulings are received.

 

The appeal was launched to overturn the decision by the Administrative Tribunal in Samarinda, East Kalimantan in relation to the revocation of the four mining licenses that comprise the East Kutai Coal Project.

 

The Administrative High Court held that it agreed wholly with the legal considerations and findings of the Administrative Tribunal in Samarinda and affirmed the decision of the Administrative Tribunal. As yet no reasons have been provided by the Court.

 

Next steps

 

Churchill intends to file next week a notice of appeal to the Supreme Court of Indonesia which will be well within the 14 day period the Company has in which to action this and will update the market with further developments.

 

Churchill Mining's Chairman, David Quinlivan commented, "We are disappointed in the appeal decision and process. Despite this ruling, we are determined to protect our rights as a foreign investor within Indonesia and remain fully committed to protecting our interest in the East Kutai Coal Project."

 

At the date of this announcement, the Company's current cash at bank is US$20.6 million.

 

 

 

END

 

For further information, please contact:

 

Churchill Mining Plc

David Quinlivan

+ 61 8 6382 3737

 

 

 

 

Northland Capital

Partners Limited

Shane Gallwey / Luke Cairns

+44(0)20 7796 8800

Tavistock Communications

Paul Youens / Jos Simson

+44(0)20 7920 3150

pyouens@tavistock.co.uk

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSFUSUUFFSEFA
Date   Source Headline
2nd Mar 20267:00 amRNSConvertible Loan Note
5th Feb 20261:50 pmRNSBroker Appointment
13th Jan 20264:08 pmRNSInterim results
13th Jan 20264:01 pmRNSDirector Appointment
2nd Jan 202612:34 pmRNSUpdate on Interim Results
16th Oct 20257:00 amRNSUpdate
30th Jul 20253:15 pmRNSFinal Results
10th Jun 20254:37 pmRNSUpdate
27th May 202512:50 pmRNSRelated Party Transaction
1st May 20254:03 pmRNSUpdate
10th Feb 202512:51 pmRNSInterim results
10th Feb 202512:47 pmRNSFinal Results
12th Dec 20247:00 amRNSCorporate Update and Continuation of Suspension
21st Nov 20247:13 amRNSHolding(s) in Company
20th Nov 20244:43 pmRNSHolding(s) in Company
20th Nov 202411:56 amRNSHolding(s) in Company
20th Nov 202411:51 amRNSHolding(s) in Company
14th Nov 20247:00 amRNSDirector Appointments & Completion of Subscription
13th Nov 20249:29 amRNSResult of General Meeting
28th Oct 202412:00 pmRNSSubscription & Notice of General Meeting
23rd Aug 20247:00 amRNSChange of Adviser
13th Jun 20247:30 amRNSSuspension - Cloudified Holdings Limited
12th Jun 202412:17 pmRNSUpdate
5th Jun 20249:23 amRNSHolding(s) in Company
3rd Jun 20243:32 pmRNSNotification of Major Holdings
1st May 20249:03 amRNSHolding(s) in Company
30th Apr 20247:30 amRNSRestoration - Cloudified Holdings Limited
30th Apr 20247:00 amRNSInterim results
29th Apr 20248:30 amRNSNotice of Interim Result & Restoration of Trading
3rd Apr 20248:29 amRNSRetirement of Director
28th Mar 202411:42 amRNSUpdate
28th Mar 202411:37 amRNSFinal Results
12th Dec 20232:43 pmRNSCompletion of the Disposal & Directorate Changes
7th Jun 201712:00 pmRNSCancellation of AIM admission
16th May 20178:00 amRNSUpdate on Annulment Application
19th Apr 20179:00 amRNSFurther re Annulment Application
6th Apr 20179:00 amRNSBlock Listing Six Monthly Return
4th Apr 20178:15 amRNSFurther re Annulment Application and suspension
31st Mar 201710:00 amRNSHalf Yearly Report and Annulment Application
16th Mar 20178:00 amRNSBlock Listing Six Monthly Return
28th Feb 201711:45 amRNSUpdate
31st Jan 20178:23 amRNSUpdate
23rd Dec 20162:00 pmRNSUpdate
23rd Dec 20167:00 amRNSBlock Listing Six Monthly Return
7th Dec 20168:45 amRNSChurchill's claim against Indonesia struck out
6th Dec 20167:30 amRNSSuspension - Churchill Mining Plc
2nd Dec 20167:00 amRNSTiming of ICSID decision and temporary suspension
1st Dec 201611:52 amRNSResult of AGM
30th Nov 201611:00 amRNSTotal Voting Rights
30th Nov 20167:50 amRNSICSID Arbitration Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.