Last checked at 28 Feb 2019 12:50
Miscellaneous
Kenmare Resources plc (“Kenmare” or “the Company”)
28 February 2019
Court of Appeal rules in Kenmare’s favour on damages in Libel Case
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, is pleased to announce that the Court of Appeal has today ruled that the High Court jury award of damages, made in favour of its former director Mr Donal Kinsella in November 2010, be substantially reduced from €10,000,000 to €250,000.
The High Court in 2010 granted a stay on the award, subject to the payment of €500,000 and an agreed contribution towards costs, pending final determination of the appeal.
Kenmare would like to thank the Court of Appeal for the time it has taken in hearing and considering this long-running case. The case has been put back for three weeks to allow the parties to consider the judgment. Applications in respect of costs and any other orders required will be made at that time. Kenmare will consider the implications of the Court's decision with its legal team in the coming days.
For further information, please contact:
Kenmare Resources plc
Michael Carvill, Managing Director Tel: +353 1 671 0411
Tony McCluskey, Financial DirectorTel: +353 1 671 0411
Jeremy Dibb, Corporate Development and Investor Relations ManagerTel: +353 1 671 0411Mob: + 353 87 943 0367
Murray Joe Heron Tel: +353 1 498 0300 Mob: +353 87 690 9735
Buchanan Bobby Morse / Chris JuddTel: +44 207 466 500