KMR Kenmare Resources Plc

 
TIDMIRSH 
 
 
   Kenmare Resources plc ("Kenmare" or "the Company") 
 
   28 February 2019 
 
   Court of Appeal rules in Kenmare's favour on damages in Libel Case 
 
   Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global 
producers of titanium minerals and zircon, is pleased to announce that 
the Court of Appeal has today ruled that the High Court jury award of 
damages, made in favour of its former director Mr Donal Kinsella in 
November 2010, be substantially reduced from EUR10,000,000 to 
EUR250,000. 
 
   The High Court in 2010 granted a stay on the award, subject to the 
payment of EUR500,000 and an agreed contribution towards costs, pending 
final determination of the appeal. 
 
   Kenmare would like to thank the Court of Appeal for the time it has 
taken in hearing and considering this long-running case. The case has 
been put back for three weeks to allow the parties to consider the 
judgment. Applications in respect of costs and any other orders required 
will be made at that time. Kenmare will consider the implications of the 
Court's decision with its legal team in the coming days. 
 
   For further information, please contact: 
 
   Kenmare Resources plc 
 
   Michael Carvill, Managing Director 
 
   Tel: +353 1 671 0411 
 
 
   Tony McCluskey, Financial Director 
 
   Tel: +353 1 671 0411 
 
 
   Jeremy Dibb, Corporate Development and Investor Relations Manager 
 
   Tel: +353 1 671 0411 
 
   Mob: + 353 87 943 0367 
 
   Murray 
 
 
   Joe Heron 
 
 
   Tel: +353 1 498 0300 
 
 
   Mob: +353 87 690 9735 
 
 
   Buchanan 
 
   Bobby Morse / Chris Judd 
 
   Tel: +44 207 466 500 
 
 
 
 
 
 

(END) Dow Jones Newswires

February 28, 2019 07:50 ET (12:50 GMT)

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