RNS Number:4940D
Datacash Group PLC
07 September 2007


DataCash Group plc ("DataCash" or the "Company")


Further re Proposed Acquisition of NetGiro Systems AB ("NetGiro")


On 16 April 2007 the Company announced it was pursuing legal action against
NetGiro International AB ("NetGiro International") for breaches of the Sale and
Purchase Agreement entered into between DataCash and NetGiro International on 8
February 2007 relating to the acquisition of NetGiro by DataCash. In addition,
the Company also announced it was pursuing legal action against one of the
shareholders of NetGiro International as a result of the conduct of that
shareholder in the period leading up to the extraordinary general meeting
("EGM") of NetGiro International which was held on 30 March 2007 and at the EGM
itself.


The Board of DataCash is pleased to announce that it has reached a satisfactory
settlement with NetGiro International and the shareholder referred to above and
no further legal action is being taken.


Enquiries

DataCash Group plc

David Bailey - Deputy Chairman         0870 7274760

Paul Burton - Chief Financial Officer  0870 7274760


Nominated Adviser to DataCash

Investec

Daniel Adams                           020 7597 5970



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

END
FURLRMBTMMTMBBR
Globaldata (LSE:DATA)
Graphique Historique de l'Action
De Sept 2024 à Oct 2024 Plus de graphiques de la Bourse Globaldata
Globaldata (LSE:DATA)
Graphique Historique de l'Action
De Oct 2023 à Oct 2024 Plus de graphiques de la Bourse Globaldata