Boxhill Technologies PLC Action against the company (0584A)
02 Juni 2016 - 1:42PM
UK Regulatory
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
END
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June 02, 2016 07:42 ET (11:42 GMT)
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