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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Impact Holdings | LSE:IHUK | London | Ordinary Share | GB00B3DFYL18 | ORD 50P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 45.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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Impact Holdings (UK) plc
("Impact" or "the Company")
Update on Supreme Court hearing dated 30th June 2016
Impact Holdings (UK) plc advises following the hearing on 30th June 2016 at the
Supreme Court between Impact Funding Solutions Limited ("IFSL") and AIG Europe
Insurance UK Limited ("AIG") the Court found in favour of AIG. This may trigger
the contingent liability detailed in the 2016 Financial Statements, note 23.
The Supreme Court is considered to have brought to conclusion the mitigation
claims pursued by IFSL against various solicitor practices with the effect that
IFSL can now continue with its claim against the ultimate defendant. The Board
is presently taking professional advice from its legal team on the implications
of this judgement. It is the Board's opinion that this decision enhances its
claim against the ultimate defendant.
A further announcement will be made when appropriate advice has been taken.
For further enquiries:
Impact Holdings (UK) plc Paul Davies, Chief Executive
Officer
Tel: 01928 793550
Zeus Capital Limited Andrew Jones
Tel: 0161 831 1512
END
(END) Dow Jones Newswires
October 26, 2016 07:11 ET (11:11 GMT)
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