MetalNRG PLC Update on Legal Proceedings
08 August 2022 - 4:00PM
RNS Non-Regulatory
TIDMMNRG
MetalNRG PLC
08 August 2022
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RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
8 August 2022
MetalNRG plc
Update on legal proceedings against Brit Energy Holdings LLP,
Pierpoalo Rocco and BritNRG Limited
MetalNRG plc ("the Company") is pleased to announce that, in its
continuing civil legal proceedings in the English High Court
against Brit Energy Holdings LLP (the "LLP"), Mr Pierpoalo Rocco
and BritNRG Limited (the "Joint Venture Company"), the Company made
an application for expedition of the hearing of its application for
summary judgment against the LLP and the Joint Venture Company for,
inter alia; (1) the striking out of the defences filed by the LLP
and the Joint Venture Company; (2) a declaration that the series of
agreements entered into in April 2021 should be set aside; and (3)
the recovery from those defendants of monies paid to the LLP
totalling GBP1,019,999, plus interest and costs.
The application for expedition was heard on 1 August 2022 and
granted, with the Court scheduling the listing of the application
for summary judgement for 21 and 22 September 2022, with judgement
to be handed down at the hearing. Accordingly, the Company's
expects determination of the main causes of action no later than 22
September 2022.
The application made for leave to appeal by the LLP and Joint
Venture Company was denied.
-Ends-
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
----------------------
Corporate Broker
SI CAPITAL LIMITED
Nick Emerson +44 (0) 1483 413500
----------------------
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