ARCH Arc Capital

TIDMARCH

RNS Number : 0966A

ARC Capital Holdings Limited

24 September 2015

24 September 2015

For Immediate Release

ARC Capital Holdings Limited

Orient Home Independent Legal Review

On 22 April 2015, the board of directors of ARC Capital Holdings Limited ("ARCH" or the "Company") (the "Board") announced that it had appointed Baker & McKenzie LLP ("Baker & McKenzie") to undertake an independent review of ARCH's claim in the English High Court against the Company's former investment manager, ARC Capital Partners Limited, concerning ARCH's investment in Orient Home, and to provide an opinion on the reasonableness of pursuing such claim.

The Board today announces that, following the completion of Baker & McKenzie's review and in light of their advice, it has resolved to continue to pursue its claim against the Company's former investment manager. The Company's legal advisers on this matter, Stephenson Harwood LLP shall therefore continue to pursue the claim in the English High Court.

It should be noted that nothing herein is, or is intended to be, a waiver of legal professional privilege.

Enquiries

For further information, please contact:

ARC Capital Holdings Limited

Alpay Ece / Sean Hurst

Tel: +44 (0)20 7845 5950

Edmond de Rothschild Securities (UK) Limited

William Marle

Tel: +44 (0)20 7845 5950

John Armstrong-Denby

Tel: +44 (0)20 7845 5950

Hiroshi Funaki

Tel: +44 (0)20 7845 5960

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBGGDCDXDBGUS

(END) Dow Jones Newswires

September 24, 2015 06:39 ET (10:39 GMT)

Arc Capital (LSE:ARCH)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024

Arc Capital (LSE:ARCH)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024