Litigation - Update
29 Aprile 2008 - 11:34AM
UK Regulatory
RNS Number:3176T
Clarkson PLC
29 April 2008
29 April 2008
Clarkson PLC
Litigation - Update
The Board has reviewed with its advisers the litigation concerning previously
announced claims totalling $67m from Sovcomflot and Novoship, the Russian
state-owned shipping companies. As a result of the discovery of new evidence and
ongoing discussions with the Claimants the Board has decided, without any
admission of liability, to make a further provision against the claims of #8m.
The Board's view of the further potential claim by Sovcomflot regarding routine
year end valuations remains unchanged from the views expressed in the 2007
annual report. Accordingly no provision has been made against this potential
claim.
Enquiries:
Clarkson PLC: 020 7334 0000
Richard Fulford-Smith, Chief Executive Officer
Jeff Woyda, Finance Director
Hudson Sandler: 020 7796 4133
Jessica Rouleau
Fran Read
This information is provided by RNS
The company news service from the London Stock Exchange
END
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