Origo

Legal Proceedings Report • Jul 14, 2015

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RNS Number : 9853S

Origo Partners PLC

14 July 2015

14 July 2015

Origo Partners PLC

("Origo" or the "Company")

Announcement re Concern raised by Brooks Macdonald Group plc

Further to the announcement made by Brooks Macdonald Asset Management (International) Limited ("Brooks Macdonald") earlier today, the Company confirms that Brooks Macdonald has notified the Company of a claim in relation to the construction of a provision of the Company's articles of association (the "Articles"). This claim is in relation to article 4.17 of the Articles, which primarily addresses a conversion mechanism relating to the Company's convertible zero dividend preference shares. 

The Company is giving serious consideration to the concern raised by Brooks Macdonald and remains committed to attempting to working with Brooks Macdonald to achieve a mutually acceptable resolution to concerns it has raised.  Further announcements with regards to this matter will be made in due course, as appropriate. 

For further information about Origo please visit www.origoplc.com or contact:

Origo Partners plc Niklas Ponnert	niklas@origoplc.com
Nominated Adviser Smith & Williamson Corporate Finance Limited Azhic Basirov Ben Jeynes	+44 (0)20 7131 4000
Public Relations Aura Financial Andy Mills	+44 (0)20 7321 0000

This information is provided by RNS

The company news service from the London Stock Exchange

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