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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Arc Capital | LSE:ARCH | London | Ordinary Share | KYG0450H1002 | ORD USD0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.265 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2019 to Dec 2024
TIDMARCH
RNS Number : 0966A
ARC Capital Holdings Limited
24 September 2015
24 September 2015
For Immediate Release
ARC Capital Holdings Limited
Orient Home Independent Legal Review
On 22 April 2015, the board of directors of ARC Capital Holdings Limited ("ARCH" or the "Company") (the "Board") announced that it had appointed Baker & McKenzie LLP ("Baker & McKenzie") to undertake an independent review of ARCH's claim in the English High Court against the Company's former investment manager, ARC Capital Partners Limited, concerning ARCH's investment in Orient Home, and to provide an opinion on the reasonableness of pursuing such claim.
The Board today announces that, following the completion of Baker & McKenzie's review and in light of their advice, it has resolved to continue to pursue its claim against the Company's former investment manager. The Company's legal advisers on this matter, Stephenson Harwood LLP shall therefore continue to pursue the claim in the English High Court.
It should be noted that nothing herein is, or is intended to be, a waiver of legal professional privilege.
Enquiries
For further information, please contact:
ARC Capital Holdings Limited
Alpay Ece / Sean Hurst
Tel: +44 (0)20 7845 5950
Edmond de Rothschild Securities (UK) Limited
William Marle
Tel: +44 (0)20 7845 5950
John Armstrong-Denby
Tel: +44 (0)20 7845 5950
Hiroshi Funaki
Tel: +44 (0)20 7845 5960
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBGGDCDXDBGUS
(END) Dow Jones Newswires
September 24, 2015 06:39 ET (10:39 GMT)
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