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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Antonov | LSE:ATV | London | Ordinary Share | GB00B3SHND79 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 59.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3328I Antonov PLC 01 September 2006 Antonov plc ("Antonov" or the "Company") Result of validity case hearing The Board of Antonov plc announces that the Federal Patent Court in Munich has not upheld the validity of the German part of Antonov's patent (EP0414782) against Toyota. This patent was due to expire in 2009 and covers the use of a drivetrain which balances the drive from an engine and an electric motor with the load from a vehicle and a generator. Antonov will be considering its options in the light of this ruling, and will make further announcements regarding what action will now be taken. Although the Board is disappointed by this decision, legal action was deemed appropriate by senior legal counsel and minimal costs were incurred under the German legal system. Provision for these costs has already been allocated with no revenue attributed to a successful outcome. This ruling does not impact upon the Company's other patents. Established programmes continue unaffected, including the commercial launch of the Supercharger drive and re-planning work for its programme with Great Wall Motor Company Limited, as reported in its recent interim results announcement Enquiries: John Moore, CEO, Antonov plc +44 1842 768 320 Jos Haag, Antonov plc +31 651 561 767 David Rae, Dawnay, Day Corporate Finance Limited +44 207 509 4570 Shane Dolan, Biddicks +44 207 448 1000 This information is provided by RNS The company news service from the London Stock Exchange END TSTDFLFXQVBLBBK
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