REG - Hansard Global plc - Insurance Recovery Received

Hansard GlobalAnnouncement

Yesterday 15:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260320:nRST5411Xa&default-theme=true

RNS Number : 5411X  Hansard Global plc  20 March 2026

20 March 2026

Hansard Global plc (the "Company")

 

 

 

Further to previously disclosed information, the Company announces that it has
received from its insurers £2,130,989.45 in respect of costs previously
incurred by Hansard Europe dac in defending and settling legacy litigation.
The Company also expects to recover further litigation-related costs from its
insurers in due course.

The amount received to date will be recognised on a consolidated basis in the
year end results.

The Company continues to engage constructively with its insurers and expects
its insurance arrangements to remain effective in supporting the Group's
future defence and, where appropriate, settlement costs.

 

Enquiries:

Hansard Global plc
                         +44 (0) 1624 688 000

Thomas Morfett, Group Chief Executive Officer

Hazel Stewart, Company Secretary

Email: investor-relations@hansard.com

Camarco
                                   +44 (0) 7990 653 341

Ben Woodford, Hugo Liddy

 

LEI number: 213800ZJ9F2EA3Q24K05

 

 

Notes to editors:

·     Hansard Global plc is the holding company of the Hansard Group of
companies. The Company was listed on the London Stock Exchange in December
2006. The Group is a specialist long-term savings provider, based in the Isle
of Man.

·       The Group offers a range of flexible and tax-efficient
investment products within a life assurance policy wrapper, designed to appeal
to affluent, international investors.

·       The Group utilises a controlled cost distribution model via a
network of independent financial advisors and the retail operations of certain
financial institutions who provide access to their clients in more than 170
countries. The Group's distribution model is supported by Hansard OnLine, a
multi-language internet platform, and is scalable.

·       The principal geographic markets in which the Group currently
services contract holders and financial advisors are the Middle East &
Africa, the Far East and Latin America. These markets are served by Hansard
International Limited and Hansard Worldwide Limited.

 

·       Hansard Europe dac previously operated in Western Europe but
closed to new business with effect from 30 June 2013.

·       The Group's objective is to grow by attracting new business and
positioning itself to adapt rapidly to market trends and conditions. The
scalability and flexibility of the Group's operations allow it to enter or
develop new geographic markets and exploit growth opportunities within
existing markets without the need for significant further investment.

 

The information contained in this Announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(Regulation 596/2014), as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("MAR").

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEBLFLQXLLBBB



            Copyright 2019 Regulatory News Service, all rights reserved