Artisan (UK) PLC
22 June 2005
Artisan (UK) plc
Appeal Judgment - Bickerton Litigation
Artisan (UK) plc is pleased to announce that the Court of Appeal has dismissed
the appellant's claims in favour of Artisan.
Artisan has been awaiting the outcome of the Court of Appeal hearing following
an appeal by Infiniteland Ltd and Mr John Aviss who had lost their action in the
High Court concerning the disposal of Bickerton Construction Ltd.
Artisan is entitled to claim the outstanding purchase consideration of £503,000
from Infiniteland Ltd and Mr Aviss together with interest and costs to be
assessed. This may take some time and although Artisan has the benefit of
£85,000 paid into court and £350,000 held as security against Mr Aviss'
property, further revenues will be recognised only as they are received.
Artisan (UK) plc: Financial Director 01480 436 666
Chris Musselle email@artisan-plc.co.uk
Seymour Pierce Nominated advisers 020 7107 8047
Sarah Wharry
Bankside Consultants Financial PR advisers 020 7367 8888
Simon Rothschild 07703 167065
Company website: www.artisan-plc.co.uk
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