Derivative Claim - Update

RNS Number : 7317C

Elektron Technology PLC

19 October 2015

 

Elektron Technology plc

("Elektron" or the "Company")

Derivative Claim - Update

Further to the announcement on 16 July 2015, the Company has received notice from the Court of Appeal that Mr Bridge's application for permission to appeal against the judgment of His Honour Judge Hodge QC made on 17 June 2015 was refused by an Order of the Rt. Hon. Lord Justice Floyd on 13 October 2015 without a hearing.

As he is entitled to do, Mr Bridge has requested that the refusal decision be reconsidered at an oral hearing.  That oral hearing has been fixed for 20 April 2016 in London.

Further updates will be issued as appropriate.

For further information:

Elektron Technology  www.elektron-technology.com	[phone]
Andy Weatherstone - Chief Financial Officer
Martin Reeves - Company Secretary
finnCap (Nominated Adviser and Broker)	[phone]
Ed Frisby/Scott Mathieson (Corporate Finance)
Malar Velaigam (Corporate Broking)

Notes to Editors

Elektron conceives, designs and markets innovative engineered products and services for businesses that connect, monitor and control

We have a multi skilled team of engineers, software and product line specialists based in Cambridge focused on the opportunities created by global trends in the following areas:

   --      New waves of "aware" business applications: Checkit

   --      Demand for ubiquitous power and data: Bulgin

   --      Growth in high precision manufacture: Queensgate

In addition, Elektron owns a portfolio of well-established products and brands that provide cash flow as well as customer access and feedback.

Elektron Technology plc's shares are admitted to trading on the AIM market of the London Stock Exchange (AIM: EKT).

 

END

 

 

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