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ASTO Assetco Plc

33.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Assetco Plc LSE:ASTO London Ordinary Share GB00BQ2K3557 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 33.00 32.00 34.00 33.00 33.00 33.00 30,204 08:00:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 16.72M -26.7M -3.1691 -0.10 2.78M

AssetCo PLC Grant Thornton to settle claim (0058B)

02/10/2020 3:51pm

UK Regulatory


Assetco (LSE:ASTO)
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TIDMASTO

RNS Number : 0058B

AssetCo PLC

02 October 2020

Friday, 2 October 2020

AssetCo plc

("AssetCo" or the "Company")

Providers of management and resources to the fire and emergency services in the Middle East

Grant Thornton to settle claim

AssetCo is pleased to announce that it was informed today by Grant Thornton (GT) that it does not intend to seek permission from the Supreme Court to appeal against the Judgment of the Court of Appeal handed down on 28 August 2020.

The Company is now entitled to be paid out approximately GBP28.6m from the monies GT previously paid into Court and to recover from GT the balance of its costs.

After receipt of these monies AssetCo will have cash balances of approximately GBP55m and, after settling costs and liabilities, net assets in the region of GBP52m.

 
 Enquiries: 
  AssetCo plc 
  Tudor Davies, Chairman 
  Tel: +44 (0) 7785 703523 
  +44 (0) 20 7614 5900 
 
 Arden Partners plc 
  Nominated adviser and broker 
  John Llewellyn-Lloyd/ Ciaran 
  Walsh 
  Tel: +44 (0) 20 7614 5900 
 
 TooleyStreet Communications 
  Fiona Tooley 
  Email: fiona@tooleystreet.com 
  Mobile: +44 (0) 7785 703523 
 

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END

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(END) Dow Jones Newswires

October 02, 2020 10:51 ET (14:51 GMT)

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