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Announcement re Concern raised by Brooks Macdonald

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RNS Number : 9853S
Origo Partners PLC
14 July 2015
 

 14 July 2015

 

Origo Partners PLC

("Origo" or the "Company")

 

Announcement re Concern raised by Brooks Macdonald Group plc

 

Further to the announcement made by Brooks Macdonald Asset Management (International) Limited ("Brooks Macdonald") earlier today, the Company confirms that Brooks Macdonald has notified the Company of a claim in relation to the construction of a provision of the Company's articles of association (the "Articles"). This claim is in relation to article 4.17 of the Articles, which primarily addresses a conversion mechanism relating to the Company's convertible zero dividend preference shares. 

 

The Company is giving serious consideration to the concern raised by Brooks Macdonald and remains committed to attempting to working with Brooks Macdonald to achieve a mutually acceptable resolution to concerns it has raised.  Further announcements with regards to this matter will be made in due course, as appropriate. 

 

For further information about Origo please visit www.origoplc.com or contact:

 

Origo Partners plc

Niklas Ponnert

 

  niklas@origoplc.com

 

Nominated Adviser

Smith & Williamson Corporate Finance Limited

Azhic Basirov

Ben Jeynes

 

 

+44 (0)20 7131 4000

Public Relations

Aura Financial

Andy Mills

 

 

+44 (0)20 7321 0000

 


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