System1 Group PLC Resolution of Complaint for Trademark Infringement (5399E)
June 30 2023 - 3:00AM
UK Regulatory
TIDMSYS1
RNS Number : 5399E
System1 Group PLC
30 June 2023
30 June 2023
System1 Group PLC (AIM: SYS1)
("the Company", or "the Group")
Resolution of Complaint for Trademark Infringement
System1 Group plc today issues an update on the complaint for
trademark infringement against System1 LLC as previously announced
on 9 November 2021 and updated on 12 July 2022 and 25 October
2022.
System1 Research Limited ("System1") and System1 OpCo, LLC
(("LLC") (together, "the parties") have reached a mutually
agreeable resolution of the lawsuit previously filed by System1 in
the Southern District of New York. The parties have signed a global
agreement ("agreement") which governs the co-existence of their
respective use of the "System1" mark in connection with their
operations. As part of this agreement, System1 is receiving a fixed
undisclosed payment payable in instalments. The parties have agreed
to keep further detail of their agreement confidential.
Further information on the Company can be found at
www.system1group.com .
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 as
amended by regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310. With the publication of this announcement,
this information is now considered to be in the public domain.
For further information, please contact:
System1 Group PLC Tel: +44 (0)20 7043
1000
James Gregory, Chief Executive Officer
Chris Willford, Chief Financial Officer
Canaccord Genuity Limited (Nominated Adviser Tel: +44 (0)20 7523
& Broker) 8000
Simon Bridges / Andrew Potts / Harry Rees
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCDZGFVNGDGFZG
(END) Dow Jones Newswires
June 30, 2023 04:00 ET (08:00 GMT)
System1 (LSE:SYS1)
Historical Stock Chart
From May 2024 to Jun 2024
System1 (LSE:SYS1)
Historical Stock Chart
From Jun 2023 to Jun 2024