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  2. Share Prices
  3. Metalnrg Plc Share Price
  4. Metalnrg Plc Share Regulatory News
  5. Legal Process Update

Pin to quick picksMetalnrg Plc Regulatory News (MNRG)

Metalnrg Plc Information

Share Price Information for Metalnrg Plc (MNRG)

London Stock Exchange
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Share Price: 0.09
Bid: 0.08
Ask: 0.10
Change: 0.00 (0.00%)
Spread: 0.02 (25.00%)
Open: 0.09
High: 0.095
Low: 0.09
Prev. Close: 0.09
MNRG Live PriceLast checked at -

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Legal Process Update

3 May 2023 07:00

RNS Number : 1928Y
MetalNRG PLC
03 May 2023
 

 

3 May 2023

MetalNRG plc

Payment received from court

MetalNRG plc ("MetalNRG" or the "Company") announces that funds of £545,000 have now been received from court in settlement of the principal amount due back from BritNRG Ltd and Brit Energy Holdings LLP.

 

Following the rejection by the High Court in London, for the defendants to appeal summary judgement, they were ordered to pay MetalNRG the sum of £1,019,999, plus costs, plus appeal costs and interest. To date, the Company confirms that it has received the principal amount, the appeal costs as ordered by the judge and the parties are seeking agreement on the main costs while the Company awaits payment of interest on the principal amount due.

 

 

Rolf Gerritsen commented:

 

"With the final tranche of money now being returned to the Company and the successful judgement in Scotland we can begin to see the end of the legal issues we have faced and really start focusing on what is most important to us, and that is driving the Company forward".

 

 

 

 

 

END

 

Contact details:

MetalNRG plc

Rolf GerritsenChristopher Latilla-Campbell

+44 (0) 20 7796 9060

Corporate BrokerPETERHOUSE CAPITAL LIMITEDLucy Williams/Duncan Vasey

+44 (0) 20 7469 0930

Corporate BrokerSI CAPITAL LIMITEDNick Emerson

+44 (0) 1483 413500

 

 

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