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Litigation update

26 Jul 2012 09:05

RNS Number : 5690I

Metro Baltic Horizons PLC

26 July 2012

Metro Baltic Horizons plc

Litigation update

For immediate release

26 July 2012

The Board of Metro Baltic Horizons PLC ("MBH") wishes to announce that proceedings, which might have led to the forced sale of its property in St Petersburg to satisfy a disputed loan and related security, have been stayed by the Russian court pending the resolution of a related case which is being bought against its former investment adviser by MBH in the Estonian courts. The Board of MBH is pleased with this positive development, but notes it is one step in a complex litigation process and does not represent a definitive resolution to the matters that are the subject of said litigation

Enquiries

MBH Holdings PLC

Ronan Reid Tel: +353 1 6333843

Fairfax I.S. PLC Nominated Adviser

James King, David Floyd Tel: 020 7598 5368

This announcement will be available on MBH's website http://www.metrobaltichorizons.com/ as soon as practicable in accordance with AIM Rule 26.

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRGMGZNRVFGZZG

Date		Source	Headline
1st Dec 2009	3:51 pm	RNS	Statement of Investing Policy
30th Sep 2009	11:04 am	RNS	Interim Results
30th Sep 2009	7:00 am	RNS	Interim Results
28th Aug 2009	11:59 am	RNS	Result of AGM
22nd Jul 2009	3:46 pm	RNS	Holding(s) in Company
2nd Jul 2009	2:27 pm	RNS	Holding(s) in Company
29th Jun 2009	5:17 pm	RNS	Annual Report & Accounts
29th Jun 2009	4:51 pm	RNS	Holding(s) in Company
22nd Jun 2009	7:00 am	RNS	Final Results
24th Feb 2009	10:02 am	RNS	Holding(s) in Company
19th Jan 2009	12:22 pm	RNS	Holding(s) in Company
12th Jan 2009	12:24 pm	RNS	Holding(s) in Company
27th Nov 2008	1:54 pm	RNS	Holding(s) in Company
13th Nov 2008	5:02 pm	RNS	Holding(s) in Company
10th Nov 2008	3:56 pm	RNS	Holding(s) in Company
9th Oct 2008	9:35 am	RNS	Holding(s) in Company
29th Sep 2008	11:07 am	RNS	Interim Results
29th Sep 2008	7:00 am	RNS	Interim Results
26th Sep 2008	7:00 am	RNS	Notice of Results
25th Sep 2008	3:17 pm	RNS	Holding(s) in Company
23rd Jun 2008	10:11 am	RNS	Result of AGM - Replacement
23rd Jun 2008	9:28 am	RNS	AGM Statement
16th Jun 2008	9:54 am	RNS	Annual Report and Accounts
7th May 2008	7:01 am	RNS	Final Results
2nd May 2008	3:07 pm	RNS	Notice of Results
20th Mar 2008	2:25 pm	RNS	Holding(s) in Company
11th Jan 2008	1:01 pm	RNS	Holding(s) in Company
19th Nov 2007	3:24 pm	RNS	Holding(s) in Company
31st Oct 2007	12:00 pm	RNS	Appointment of Nomad
27th Sep 2007	7:04 am	RNS	Interim Results
27th Sep 2007	7:03 am	RNS	Acquisition
24th Sep 2007	1:14 pm	RNS	Holding(s) in Company
3rd Sep 2007	11:51 am	RNS	Holding(s) in Company
22nd Aug 2007	11:09 am	RNS	Cancellation of Share Premium
17th Aug 2007	5:13 pm	RNS	AIM Rule 26
13th Jul 2007	10:25 am	RNS	Holding(s) in Company
12th Jul 2007	3:42 pm	RNS	Holding(s) in Company
11th Jul 2007	9:06 am	RNS	Acquisition-Replacement
11th Jul 2007	7:00 am	RNS	Acquisition
21st Jun 2007	7:00 am	RNS	Appointment of Joint Broker
18th Jun 2007	7:04 am	RNS	Property Acquisition
14th Jun 2007	4:58 pm	RNS	Holding(s) in Company
13th Jun 2007	5:04 pm	RNS	Holding(s) in Company
13th Jun 2007	3:39 pm	RNS	Holding(s) in Company
12th Jun 2007	2:45 pm	RNS	Holding(s) in Company
11th May 2007	8:00 am	RNS	Re: Board Announcement
8th May 2007	7:02 am	RNS	Re: First Investment
30th Mar 2007	4:54 pm	RNS	Holding(s) in Company
22nd Dec 2006	11:39 am	RNS	Holding(s) in Company
22nd Dec 2006	11:36 am	RNS	Total Voting Rights

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