NAMA Update (9421Z)
23 Mars 2012 - 8:01AM
UK Regulatory
TIDMREO
RNS Number : 9421Z
Real Estate Opportunities PLC
23 March 2012
22 MARCH 2012
Real Estate Opportunities plc
NAMA update
The Board of Real Estate Opportunities plc ("REO" or the
"Group") wishes to advise that further to the announcements of 27
January 2012 and 5 March 2012 in relation to the court case
involving the National Asset Management Agency ("NAMA") and certain
REO Group subsidiaries, the Irish High Court has today found that
the Group had raised substantial issues in relation to NAMA's
conduct towards the Group and granted leave to the Group
subsidiaries to maintain certain claims against NAMA pursuant to
their rights under Irish law. The Group's claim will now be subject
to a full judicial review.
Enquiries:
Real Estate Opportunities plc
Ray Horney, Chairman
Tel: +44 (0)1273 775 225
Matrix Corporate Capital
Paul Fincham / Jonathan Becher
Tel: +44 (0)20 3206 7000
RLM Finsbury
Gordon Simpson / Arif Shah
Tel: +44 (0)207 251 3801
Murray Consult
Ed Micheau
Tel: +353 1 498 0300
This information is provided by RNS
The company news service from the London Stock Exchange
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