MetalNRG PLC (LSE:MNRG) BritNRG Update

Update on legal proceedings against Brit Energy Holdings LLP, Pierpaolo Rocco and BritNRG Limited

MetalNRG plc (“MNRG” or the “Company”) announces that further to the announcement made on 31 January 2022 that it had filed and served civil legal proceedings in the English High Court against Brit ENERGY Holdings LLP (the “LLP”), Pierpaolo Rocco (“Mr Rocco”) and BritNRG Limited (the “Joint Venture Company”) (together the “Defendants”) for, inter alia, a declaration and the recovery from the Defendants of monies paid to the LLP in 2021, it has, with disappointment, agreed to a further request for extensions of time by the Defendants for the filing of defences to 18 March 2022 (the maximum time permitted without the consent of the Court).

The Company has granted the extensions with certain conditions attached, in the light of the fact that any hearing at which opposition could be argued would inevitably only take place after the date of the requested extension. Accordingly, given the Company is primarily focussed on receipt of the actual defences, in order to assess their content, consent was granted by agreement.

The Company will provide further updates on these issues and the legal proceedings as appropriate and once the defences have been received.

The release of this information was arranged by Rolf Gerritsen, Chief Executive Officer.

END

Contact details:

MetalNRG PLC

Rolf Gerritsen
Christopher Latilla-Campbell

+44 (0) 20 7796 9060


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned
Share Talk
Tweet
WhatsApp
Email
Pocket
Share
Share
Malcare WordPress Security