13th May 2014 07:00
13 May 2014
Tricor plc('Tricor' or the 'Company')
Tricor lodges appeal against VAT claim decision
Tricor, the investment company focussed on the resources sector with investments in iron sand and sand trading operations in the Philippines, announces that it has lodged an appeal with the Upper Tribunal against the recent decision by the First-Tier Tribunal (Tax Chamber), which dismissed the Company's original appeal to reclaim £1.8 million of input tax, further details of which were announced by the Company on 4 March 2014.
Having taken robust legal advice on the matter the Board of Tricor is of the opinion that an appeal is warranted and has a reasonable chance of being resolved in the Company's favour. Tricor will provide a further update as appropriate.
ENDS
Enquiries:
Tricor plc Chan Fook Meng Chairman/CEO
| +65 62362985 |
Allenby Capital Ltd (Nominated Adviser & Joint Broker) Jeremy Porter Nick Naylor James Reeve
| +44 (0) 20 3328 5656
|
Hume Capital (Joint Broker) Jon Belliss
| +44 (0) 20 3693 1470 |
Blytheweigh Paul Weigh Halimah Hussain
| +44 (0) 20 7138 3204
|
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