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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Assetco Plc | AQSE:ASTO.GB | Aquis Stock Exchange | Ordinary Share | GB00BQ2K3557 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 34.50 | 32.00 | 37.00 | 34.50 | 34.50 | 34.50 | 0.00 | 07:01:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMASTO
RNS Number : 2933J
AssetCo PLC
16 December 2015
AssetCo plc
("AssetCo" or the "Group" or the "Company")
Company Update
Claim against former auditors
In the Company's Half-yearly financial report released on 19 June 2015, reference was made to its claim against former auditors Grant Thornton. This was originally lodged under the Professional Negligence Pre-action Protocol and subsequently led to a mediation hearing which took place in October 2015. It is disappointing to report that this mediation hearing was unsuccessful.
Therefore, the Company has today issued formal Court proceedings against Grant Thornton in respect of negligent audits for the years ended 30 September 2009 and 2010. Currently the claim losses for these periods amount to GBP38.0m plus interest and costs to date of GBP4.3m, making a current total of GBP42.3m.
The Company will continue to keep shareholders updated as appropriate.
Tudor Davies, Executive Chairman
AssetCo plc
Ticker AIM: ASTO.L
London, Wednesday 16 December 2015
Enquiries: Arden Partners plc John Llewellyn-Lloyd/ Ciaran Walsh Tel:+44 (0) 20 7614 5900 TooleyStreet Communications Fiona Tooley Mobile: +44 (0) 7785 703 523 fiona@tooleystreet.com
AssetCo, is principally involved in the provision of management and resources to the fire and emergency services in the Middle East. For further details, visit the website, www.assetco.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 16, 2015 08:55 ET (13:55 GMT)
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