Grafico Azioni Vordere (LSE:VOR)
3 Mesi : Da Nov 2019 a Feb 2020
RNS Number : 3575X
18 December 2019
18 December 2019
("Vordere" or the "Company)
Update on High Court Action
At hearings in the High Court in London on 13 and 16 December 2019, the Company consented to the continuation by the Court of an injunction made against the Company, Ritz Property Investimentos Imobiliarios EIRELI ("Ritz"), Aurora Capital Ltd ("Aurora") and GFG UK Ltd ("GFG UK"), which prevents the registration of any transfer of the shares in the Company held by Ritz, Aurora and GFG UK, pending the resolution of the claim made by Mr John O'Donnell for orders setting aside a transaction made between the Company and Ritz in October 2019.
The Court also made orders for service of the Court documents on Ritz in Brazil and Aurora in Cayman, which will be completed in the coming weeks. The Company, Ritz, Aurora and GFG UK will then be required to take a formal position in relation to Mr O'Donnell's claim and case will proceed to be resolved by the Court.
Claire Jackson, Company Secretary +44 (0) 117 918 1314
Peterhouse Corporate Finance Limited
Lucy Williams / Duncan Vasey +44 (0) 20 7220 9797
Further information may be found at: http://vordere.com
LEI number of Vordere PLC: 213800VALWEYWTLOX423
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(END) Dow Jones Newswires
December 18, 2019 07:36 ET (12:36 GMT)