REG - Elektron Technology - Derivative Claim - Update <Origin Href="QuoteRef">EKT.L</Origin>

CheckitAnnouncement

20/04/2016 14:55

RNS Number : 8219V
Elektron Technology PLC
20 April 2016
Elektron Technology plc
("Elektron" or the "Company")
Derivative Claim - Update
Further to the announcement on 19 October 2015, Mr Bridge's application for permission to appeal against the judgment of His Honour Judge Hodge QC made on 17 June 2015 was dismissed by Lord Justice Kitchin at the hearing on 20 April 2016. Lord Justice Kitchin came to the firm conclusion that Mr Bridge's appeal would not have a real prospect of success on any of the grounds put forward. 
There is no further route of appeal available to Mr Bridge. 
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 RNS
The company news service from the London Stock Exchange
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