REG - Elektron Technology - Derivative Claim - Update <Origin Href="QuoteRef">EKT.L</Origin>
RNS Number : 7317CElektron Technology PLC19 October 2015Elektron 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
+44 (0) 1223 371 000
Andy Weatherstone - Chief Financial Officer
Martin Reeves - Company Secretary
finnCap (Nominated Adviser and Broker)
+44 (0)20 7220 0500
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).
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCLLFVSIALALIE
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