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PTC Pnc Telecom (see LSE:TRIC)

0.075
0.00 (0.00%)
20 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pnc Telecom (see LSE:TRIC) LSE:PTC London Ordinary Share GB0006831662 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 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Outcome of Litigation

06/08/2007 8:00am

UK Regulatory


    For Immediate Release 6 August 2007

                                PNC Telecom PLC                                

                                ("the Company")                                

                             Outcome of Litigation                             

In successful litigation in the High Court in London the Company has obtained
judgements against two former Directors of the Company, Mr Geremy Thomas - in
respect of his breach of fiduciary duty - and Mr Nigel Etherington, jointly and
severally for £281,750 plus interest since August 2004, and separately against
Mr Etherington for a further sum of £108,000 including interest to date.

As against Mr Thomas, the Company was also awarded a contribution towards costs
of which there is a payment on account of £20,000 due by August 2007.

Further costs are also recoverable from Mr Thomas (estimated to be £30,000) and
Mr Etherington (estimated to be £140,000).

ENDS

Leo Knifton, PNC Telecom Plc 020 7251 3762

Roland Cornish, Beaumont Cornish Limited 020 7628 3396



END



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