TNT Tintra Plc

TIDMBOX

RNS Number : 0584A

Boxhill Technologies PLC

02 June 2016

2 June 2016

BOXHILL TECHNOLOGIES PLC

("Boxhill", the "Group" or the "Company")

Action Against the Company

The Company has received winding up petitions purportedly issued under the Insolvency Act 1986 against both the Company and its subsidiary, Prize Provision Services Limited (the "Petitions"). Having taken legal advice from specialist insolvency Counsel the board of directors of the Company (the "Board") believes that the Petitions are wholly without legal merit, procedurally and technically deficient and are liable to be struck-out as an abuse of legal process. The Petitions have been presented by Eupay Group Limited, a company that formerly supplied payment services to the Group, and the Board believe this to be an effort to avoid repaying balances due to the Group of GBP225,235.

The Company will provide further information regarding the timing of future matters relating to this as and when they become aware of them.

For further information contact:

Boxhill Technologies PLC 020 7493 9644

Lord Razzall, Executive Chairman

Website www.boxhillplc.com

Allenby Capital Limited (Nomad & Broker)

John Depasquale/Nick Harriss/ Richard Short 020 3328 5656

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

June 02, 2016 07:42 ET (11:42 GMT)

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