Settlement of legal actions
January 03 2008 - 2:00AM
UK Regulatory
RNS Number:9639K
Erinaceous Group PLC
03 January 2008
Erinaceous Group Plc
("Erinaceous" or "the Group)
Settlement of Legal Actions
Erinaceous is pleased to announce that it and Regis, the property investment
company, have reached an amicable settlement in their respective legal actions
in connection with the acquisition by Erinaceous of Mount Street Holdings.
Under the terms of the settlement, which does not involve any cash consideration
by either Erinaceous or Regis, both parties have agreed to withdraw their
separate claims. All issues have been fully resolved to both sides
satisfaction.
Separately, the parties have entered into a new property management agreement on
normal commercial terms.
3 January 2007
Enquiries:
College Hill Tel: 020 7457 2020
Mark Garraway
Anthony Parker
This information is provided by RNS
The company news service from the London Stock Exchange
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