REG - System1 Group PLC - Resolution of Complaint for Trademark Infringement

System1Announcement

30/06/2023 09:00

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RNS Number : 5399E  System1 Group PLC  30 June 2023

 

                                                30 June 2023

 

 

System1 Group PLC (AIM: SYS1)

 ("the Company", or "the Group")

 

Resolution of Complaint for Trademark Infringement

 

 

System1 Group plc today issues an update on the complaint for trademark
infringement against System1 LLC as previously announced on 9 November 2021
and updated on 12 July 2022 and 25 October 2022.

 

System1 Research Limited ("System1") and System1 OpCo, LLC (("LLC") (together,
"the parties") have reached a mutually agreeable resolution of the lawsuit
previously filed by System1 in the Southern District of New York.  The
parties have signed a global agreement ("agreement") which governs the
co-existence of their respective use of the "System1" mark in connection with
their operations. As part of this agreement, System1 is receiving a fixed
undisclosed payment payable in instalments. The parties have agreed to keep
further detail of their agreement confidential.

 

Further information on the Company can be found at www.system1group.com
(http://www.system1group.com) .

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain.

 

For further information, please contact:

 System1 Group PLC                                           Tel: +44 (0)20 7043 1000
 James Gregory, Chief Executive Officer
 Chris Willford, Chief Financial Officer

 Canaccord Genuity Limited (Nominated Adviser & Broker)      Tel: +44 (0)20 7523 8000
 Simon Bridges / Andrew Potts / Harry Rees

 

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