Reference is made to the announcement made by Glomac on 29 May 2020 in relation to the suit and followed by its subsequent announcements on the updates and developments.
Unless otherwise stated, the capitalised terms used herein shall have the same meanings referred to in the announcement made on 29 May 2020.
The Board of Directors of Glomac wishes to inform that on 15 November 2021, the Court of Appeal has dismissed the Plaintiff’s appeal in relation to his summary judgment application, but allowed his appeal in relation to Glomac’s striking out application. Both parties were ordered to bear their own costs, and the Court directed the Plaintiff’s claim to be remitted back to the High Court for trial.
Glomac will appeal against the striking out application decision.
The announcement is dated 16 November 2021.