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MBW Mobilewave

0.35
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mobilewave LSE:MBW London Ordinary Share GB00B010Q778 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.35 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Mobilewave Group PLC Update on litigation (4674E)

10/05/2013 2:22pm

UK Regulatory


Mobilewave (LSE:MBW)
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RNS Number : 4674E

Mobilewave Group PLC

10 May 2013

10 May 2013

MobileWave Group PLC

("MobileWave" or the "Company")

Update on litigation

The Board of MobileWave wishes to further update shareholders as to the position regarding the action against Mr Devin Narang.

In an appearance before Registrar Barber in the High Court of London on 8 and 9 May 2013, the petition for the bankruptcy of Mr Narang was granted with costs for this and previous hearings. The Company will now pursue Mr Narang's assets globally through the Trustee in Bankruptcy. The Board is relieved that its efforts to pursue this debt have been vindicated and will update shareholders in due course of any developments in this regard.

For further information, please contact:

MobileWave Group plc

Rory Stear, Chairman (rstear@mobilewave.com)

Charles Stanley Securities, nominated adviser and broker:

Dugald J Carlean / Carl Holmes 020 7149 6000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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