Stobart Group Limited Update on High Court Judgment (6227R)
March 01 2019 - 8:01AM
UK Regulatory
TIDMSTOB
RNS Number : 6227R
Stobart Group Limited
01 March 2019
1 March 2019
Stobart Group Limited
(the "Stobart Group" or the "Company")
Update on High Court Judgment
Following the announcement released on 15 February 2019, the
Board of Stobart Group wishes to provide a further statement on the
judgment handed down following the Company's legal proceedings
against Mr Tinkler.
Within the judgment, His Honour Judge Russen QC notes that the
Stobart Group Board members had acted in accordance with their
duties to act in good faith in the best interests of the Company in
publishing an announcement to shareholders on 29 May 2018. However,
His Honour Judge Russen QC did point out the list of matters
described in that announcement as "challenges" included matters
"which were not really germane to [the] key issue for the
shareholders' vote" and gave two examples of points that he
considered did not reflect adversely on Mr Tinkler.
The 29 May announcement remains available through the Company's
website and the Regulatory News Service, and, having had the
opportunity to reflect, the Board has taken the decision to
acknowledge this finding and draw it to the attention of
shareholders by directing them to paragraphs 788 - 794 of the
judgment, which can be found at
https://www.stobartgroup.co.uk/investors/documents-circulars/.
Stobart Group Limited C/o Newgate Communications
Charlie Geller, Head of Group Communications
Newgate Communications +44 203 757 6880/07540 106 366
Robin Tozer stobart@newgatecomms.com
Ian Silvera
Fiona Norman
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END
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