HILL STATION PLC ("HILL STATION" OR THE "COMPANY")
LEGAL UPDATE
On 28 February 2008, the Board of Hill Station announced that a judgement was
given against the Company in the High Court arising from a claim made by
Staplehurst Trading Limited (formerly So Real Ice Company Limited). The
judgement related to the purchase by Hill Station in July 2007, of the business
and assets of So Real Ice Company Limited, which manufactures, distributes and
sells ice cream products.
The Board is pleased to announce that yesterday, in the Court of Appeal Civil
Division, the Company's application for permission to appeal was granted and a
stay of execution remains in force.
Following this decision, the Company is taking further advice to clarify its
legal position, but to date the legal opinion has been positive and the Board
is now more confident of a successful outcome.
A further announcement will be made as soon as possible.
Enquiries:-
Hill Station plc
Cliff Carter, Chief Executive
Tel: 01633 833 000
Nominated Adviser
Dowgate Capital Advisers Limited
Tony Rawlinson, Chairman
Tel: 020 7492 4777
Broker
Finncap
Charles Cunningham
Tel: 020 7600 1658
END
© 2008 PR Newswire
