MetalNRG PLC Update on Legal Proceedings (0439B)
29 September 2022 - 12:04AM
UK Regulatory
TIDMMNRG
RNS Number : 0439B
MetalNRG PLC
28 September 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.
FOR IMMEDIATE RELEASE
28 September 2022
MetalNRG plc
Summary Judgement Decision made in favour of the Company
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's
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 has been granted. An application by the LLP and
the Joint Venture Company for leave to appeal and an application by
Mr Rocco, the LLP and the Joint Venture Company for a stay of
execution were dismissed at the same hearing.
Further information about the decision will follow when the
formal order is made.
-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
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Corporate Broker
SI CAPITAL LIMITED
Nick Emerson +44 (0) 1483 413500
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