2nd Oct 2020 17:24
AssetCo PLC - Middle East-focused provider of management and resources to the fire and emergency services - Informed that Grant Thornton will not seek permission from Supreme Court to appeal against the judgement of the Court of Appeal handed down on August 28.
AssetCo entitled to be paid out GBP28.6 million from monies previously paid into court by Grant Thornton, and will also recover balance of costs.
Following receipt, AssetCo will have GBP55 million in cash balances, and GBP52 million in net assets.
Current stock price: 420.00 pence
Year-to-date change: up 17%
By Dayo Laniyan; [email protected]
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