Business
Notice of a claim against the Company
Notice of a claim against the Company.
About this update from Treatt Plc
[{"type":"text","content":"\n \nRNS Number : 9455S Treatt PLC 06 December 2012 \n \n\n \n \n \n \n \n6 December 2012\n \nTREATT PLC\n(\"Treatt\" or \"the Company\")\n \n \nNotice of a claim against the Company\nTreatt announces that the sellers of the Earthoil Group, which was acquired by the Company in April 2008, have filed a claim in the Chancery Division of the High Court against Treatt for £1.8m. Treatt has received that claim today.\nThe claim relates to various matters in respect of the Earn-out, being the deferred consideration payable to the sellers in respect of the acquisition of the Earthoil Group. The Company confirms that the claim will be defended vigorously as the Board considers that no sums are due to the sellers in relation to this claim.\n\n\n\n\nEND\n \n \n\n\n\n\n\n\n\n\n\n\nContact details\nAnita Steer\nCompany Secretary\n++ 44 1284 770028\n \n \n \n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCMMMGZDVGGZZM\n ","length":2627,"tagName":"div"}]