Galasys PLC Adjournment of Jersey Proceedings (8539J)
September 14 2016 - 8:09AM
UK Regulatory
TIDMGLS
RNS Number : 8539J
Galasys PLC
14 September 2016
15 September 2016
Galasys PLC
("Galasys" or the "Group" or the "Company")
Adjournment of Jersey Proceedings
The Company refers to its announcement on 12 September 2016 in
relation to the results of the Extraordinary General Meeting
("EGM") convened on 12 September. The Jersey Royal Court judge has
decided that the trial date of 20 September is vacated and the
trial adjourned.
The Court will sit on 26 September 2016. It was envisaged that
this would be to hear the Company's application to discontinue.
However, Mr Teh Kim Seng ("Mr Teh") wishes to raise certain points
as to the validity of the EGM resolutions. The judge has ordered
Mourant Ozannes ("MO"), Mr Teh's solicitor to issue a summons
specifying exactly what relief they are seeking, accompanied by an
affidavit(s) setting out fully the facts and grounds relied on in
support of the summons plus a skeleton argument with any relevant
authorities. MO must file these documents by close of business on
Monday 19 September 2016. Any other parties wishing to oppose the
summons must file the documents by close of business on Thursday,
22 September 2016. If MO fail to issue their summons by Monday 19
September, the judge will hear any application to bring forward the
application of the Company to discontinue.
A further announcement will be made in due course.
Enquiries:
Galasys PLC + 6032858 9959
Seah Kok Wah/Teh Kim Seng
Newgate 0203 653 9850
Adam Lloyd
This information is provided by RNS
The company news service from the London Stock Exchange
END
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