MetalNRG PLC BritNRG Update (9402C)
28 February 2022 - 6:00PM
UK Regulatory
TIDMMNRG
RNS Number : 9402C
MetalNRG PLC
28 February 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK
LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS
(SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
28 February 2022
MetalNRG plc
Update on legal proceedings against Brit Energy Holdings LLP,
Pierpaolo Rocco and BritNRG Limited
MetalNRG plc ("MNRG" or the "Company") announces that further to
the announcement made on 31 January 2022 that it had filed and
served civil legal proceedings in the English High Court against
Brit ENERGY Holdings LLP (the "LLP"), Pierpaolo Rocco ("Mr Rocco")
and BritNRG Limited (the "Joint Venture Company") (together the
"Defendants") for, inter alia, a declaration and the recovery from
the Defendants of monies paid to the LLP in 2021, it has, with
disappointment, agreed to a further request for extensions of time
by the Defendants for the filing of defences to 18 March 2022 (the
maximum time permitted without the consent of the Court).
The Company has granted the extensions with certain conditions
attached, in the light of the fact that any hearing at which
opposition could be argued would inevitably only take place after
the date of the requested extension. Accordingly, given the Company
is primarily focussed on receipt of the actual defences, in order
to assess their content, consent was granted by agreement.
The Company will provide further updates on these issues and the
legal proceedings as appropriate and once the defences have been
received.
The release of this information was arranged by Rolf Gerritsen,
Chief Executive Officer.
END
Contact details:
MetalNRG PLC
Rolf Gerritsen
Christopher Latilla-Campbell +44 (0) 20 7796 9060
Corporate Broker
PETERHOUSE CAPITAL LIMITED
Lucy Williams/Duncan Vasey +44 (0) 20 7469 0930
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Corporate Broker
SI CAPITAL LIMITED
Nick Emerson +44 (0) 1483 413500
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END
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