Litigation update (3139S)
November 17 2011 - 9:57AM
UK Regulatory
TIDMMBW
RNS Number : 3139S
Mobilewave Group PLC
17 November 2011
17 November 2011
MobileWave Group plc
("MobileWave" or the "Company")
Litigation update
As previously announced, the Company has been pursuing Mr
Devinder Raj Narang in respect of the deferred cash element of US
$1.5m which was due on 31 December 2009, together with accrued
interest following the disposal of the Freeplay business on 4
August 2008.
The Company obtained judgment against Mr Narang in the UK which
it is seeking to enforce in India. The next hearing date for the
matter in India was scheduled for 15 November 2011. However, that
hearing has now been adjourned until March 2012. The Company is
also seeking to enforce the judgment granted against Mr Narang in
the UK.
For further information, please contact:
MobileWave Group plc rstear@mobilewave.com
Rory Stear, Chairman
Charles Stanley Securities 020 7149 6000
Nominated Adviser & Broker
Dugald J.Carlean / Carl Holmes`
This information is provided by RNS
The company news service from the London Stock Exchange
END
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