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Mauritius Litigation Dismissed

19th Jul 2011 07:00

RNS Number : 5960K
Trinity Capital PLC
19 July 2011
 



 

Trinity Capital plc(the "Company")

 

Mauritius Litigation Dismissed

 

 

On 26 March, 2010, the Company announced that Immobilien Development Indien I GmbH & Co. KG and Immobilien Development Indien II GmbH & Co. KG had commenced a lawsuit against the Company and others in the Supreme Court of Mauritius in connection with their investments in various real estate development projects in India. In June, 2010, the Company moved to dismiss the lawsuit on jurisdictional grounds.

The Company is pleased to announce that the Mauritius court has dismissed the Immobilien lawsuit on jurisdictional grounds and has awarded the Company the costs of defending the lawsuit.

 

 

 

Further information, please contact:

 

Enquiries:

 

MHP Communications

Tim McCall / James White +44 20 3128 8756  

 

IOMA Fund and Investment Management Limited

Philip Scales, Director +44 1624 681250

 

Evolution Securities Ltd

Nominated Adviser and Joint Broker

Bobbie Hilliam / Chris Clarke, Corporate Finance +44 207 071 4300

This information is provided by RNS
The company news service from the London Stock Exchange
 
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