Kenmare to Issue Full Appeal of Libel Verdict
November 18 2010 - 2:00AM
UK Regulatory
TIDMKMR
Kenmare Resources plc ("Kenmare" or "the Company")
18 November 2010
Kenmare to Issue Full Appeal of Libel Verdict
Kenmare Resources will immediately and vigorously appeal the High Court jury
verdict delivered yesterday in a defamation case taken by a former company
director. The full appeal to the Supreme Court will be made with a view to
setting aside both the verdict and the amount, with the intention of securing a
retrial.
The amount of EUR10 million which was awarded is over five times greater than the
previous record amount granted in an Irish defamation case. This previous award
is currently under appeal as being grossly excessive.
The court has granted a stay on the award subject to the payment of EUR500,000
until the hearing of the Supreme Court appeal. Kenmare's legal team strongly
advise that the award will be set aside on appeal.
ENDS
Murray Consultants
Joe Heron
Tel: +353 1 498 0300
Mob: + 353 87 690 9735
Conduit PR Ltd
Charlie Geller/Paul Youens
Tel: +44 207 429 6604
Mob: +44 752 823 3383
[HUG#1463630]
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Source: Kenmare Resources via Thomson Reuters ONE
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