immediate release: 24 August 2004
On 5 August 2004 the Company announced that the High Court had ruled in favour
of Caplay in the proceedings issued by Mr Kenneth Murray, the former Chief
Executive of the Company.
The Company has now been informed that Mr Murray has applied to the Court of
Appeal for permission to appeal the decision, which Caplay will vehemently
The Judge who heard the case made various criticisms of Mr Murray's conduct and
ruled that his claims for three years salary and benefits as a severance
package had failed and that no payment was due to Mr Murray.
The Company is confident that this decision will be upheld and will update
shareholders in due course.
For further information please contact:
Chairman of Caplay Plc
Tel. 07789 55 55 44
Ingram Winter Green
Tel. 020 7845 7406
Tel. 020 7245 1100