TRIC Tricor

TIDMTRIC

RNS Number : 4878H

Tricor PLC

17 August 2016

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

Tricor plc

("Tricor" or the "Company")

Update on VAT Claim

The Company has been informed that the Upper Tribunal (Tax and Chancery Chamber) has rejected the Company's appeal to reclaim GBP1,847,976.70 of input VAT plus any interest and costs. The Company has until 2 September 2016 to make any application for permission to make a further appeal to the Court of Appeal in England & Wales.

The Company is considering the implications of the decision with its lawyers and is awaiting further advice from them.

Subject to whether any further appeal is successfully made, the Company has a prospective liability for the costs incurred by Her Majesty's Revenue and Customs for the appeal and HMRC has made an application to the Tribunal for an order for those costs, which are presently unquantified, to be paid by the Company.

Enquiries:

 
Tricor plc 
 Chan Fook Meng 
 CEO                                   +65 6236 2985 
Allenby Capital Ltd (Nominated 
 Adviser & Broker) 
 John Depasquale/Jeremy Porter/James   +44 (0) 20 3328 
 Reeve                                  5656 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 18, 2016 02:00 ET (06:00 GMT)

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