REG - Walker Crips Group - Half-year Report <Origin Href="QuoteRef">WCW.L</Origin> - Part 2

Walker CripsAnnouncement

23/11/2017 07:00

- Part 2: For the preceding part double click  ID:nRSW2768Xa 

WCG and WCSB acted dishonestly to assist
the Chairman to perpetrate the alleged fraud and was party to an unlawful
means conspiracy to cause it loss. It is also claimed that WCG, WCSB are
vicariously liable for any wrongdoing on the part of KBR. The potential
quantum of the claim is in excess of £1m. 
 
The claims are strenuously denied by the Directors and the Directors consider
the claim to be without any merit, as supported by a legal opinion obtained by
WCG and WCSB, which advises that the claims are 'weak'. A detailed response
denying liability for the claims was submitted to the client's representatives
in December 2016. The Directors have heard nothing further from the former KBR
client since then. 
 
Directors' Responsibility Statement 
 
The Directors confirm that to the best of their knowledge: 
 
(a) The condensed set of financial statements contained within the half yearly
financial report has been prepared in accordance with IAS 34 'Interim
Financial Reporting' as adopted by the EU; 
 
(b) The half yearly report from the Chairman (constituting the interim
management report) includes a fair review of the information required by DTR
4.2.7R; and 
 
(c) The half yearly report from the Chairman includes a fair review of the
information required by DTR 4.2.8R as far as applicable. 
 
On Behalf of the Board 
 
Sean Lam 
 
Chief Executive Officer 
 
23 November 2017 
 
This information is provided by RNS
The company news service from the London Stock Exchange