Legal Settlement Update

RNS Number : 8906E

Arc Minerals Limited

16 March 2022

 

16 March 2022

Arc Minerals Ltd 

('Arc' or the 'Company')

Legal Settlement Update

The Company is pleased to announce an update on the settlement of the legal cases in Zambia and in the UK as first announced on 18 February 2022.

All of the requisite consent judgements have now been obtained in conclusion of the Zambian High Court proceedings and, similarly, a Tomlin order has been executed by the parties referred to in the announcement of 18 February 2022, in relation to the UK court proceedings. A Tomlin order causes any court action in the UK to be suspended.

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Contacts

Arc Minerals Ltd Nick von Schirnding (Executive Chairman)	[phone]
SP Angel (Nominated Adviser & Joint Broker) Ewan Leggat / Adam Cowl	[phone]
WH Ireland Ltd (Joint Broker) Harry Ansell / Katy Mitchell	[phone]

 

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