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MNRG Metalnrg Plc

0.075
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Metalnrg Plc LSE:MNRG London Ordinary Share GB00B15FS791 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.075 0.07 0.08 0.075 0.075 0.075 17,869,769 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 0 -2.22M -0.0018 -0.39 862.19k

MetalNRG PLC Update on legal proceedings

18/03/2022 7:01am

RNS Non-Regulatory


TIDMMNRG

MetalNRG PLC

18 March 2022

MetalNRG plc

Further update on legal proceedings against Brit Energy Holdings LLP, Pierpaolo Rocco and BritNRG Limited

MetalNRG plc ("MNRG" or the "Company") takes this opportunity to announce a further update in respect of the civil legal proceedings in the English High Court (the "Court") against Brit Energy Holdings LLP (the "LLP"), Pierpaolo Rocco and BritNRG Limited (together, the "Defendants") for, inter alia, a declaration supporting the valid recission of certain agreements and the recovery from the Defendants of monies paid to the LLP in 2021.

On 24 February 2022, the Defendants asked for an extension to the deadline for the filing of defences until Friday, 18 March 2022. This is the maximum extension capable of being agreed between the parties to the proceedings without an application being made to the Court.

Despite MNRG agreeing to an extension to 18 March 2022, the Defendants have now sought a further extension to Tuesday, 22 March 2022, for which they will need to make an application to the Court (at their expense).

MNRG remains focused on receipt of the defences in this case and has accordingly consented to the Defendants making the application for a further extension.

The Company will provide further updates on these issues and the legal proceedings as appropriate.

Contact details:

 
 MetalNRG PLC 
  Rolf Gerritsen 
  Christopher Latilla-Campbell     +44 (0) 20 7796 9060 
 Corporate Broker 
  PETERHOUSE CAPITAL LIMITED 
  Lucy Williams/Duncan Vasey       +44 (0) 20 7469 0930 
                                 ---------------------- 
 Corporate Broker 
  SI CAPITAL LIMITED 
  Nick Emerson                     +44 (0) 1483 413500 
                                 ---------------------- 
 

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END

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(END) Dow Jones Newswires

March 18, 2022 03:01 ET (07:01 GMT)

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