DJ Churchill Mining plc Annulment Update - Decision and Suspension
RNS Number : 0202S
Churchill Mining plc
06 March 2019
6 March 2019
CHURCHILL MINING PLC
("the Company" or "Churchill")
Churchill v Republic of Indonesia
(ICSID Case No. ARB 12/14 and 12/40)
Annulment Proceedings Update - Decision and Suspension
Further to the announcement of 5 February 2019, the Directors of Churchill Mining Plc (NEX: CHL) wish to advise that its lawyers, Clifford Chance LLP, overnight received notification from the ICSID ad hoc Committee that the annulment proceeding had been declared closed as of 5 March 2019 in accordance with Rules 38 (1) and 53 of the ICSID Arbitration Rules.
This notification is a procedural requirement prior to the ad hoc Committee formally issuing its ruling on the Company's Annulment Application and it is expected that this ruling will be issued in the very near future
A temporary suspension in trading of the Company's shares on NEX will accordingly take effect from 10.00 am on 6 March 2019.
The Company will update the market as soon as possible after it has received and had an opportunity to review the ad hoc Committee's ruling and will also post a copy of the full ruling on its website www.churchillmining.com following release of its market update.
The Directors of the Company are responsible for the contents of this announcement.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information, please contact:
Churchill Mining plc SP Angel Corporate Finance LLP David Quinlivan NEX Exchange Corporate Adviser Nicholas Smith and broker Stuart Gledhill / Soltan Tagiev + 61 8 6380 9670 +44 (0)20 3470 0470
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(END) Dow Jones Newswires
March 06, 2019 05:00 ET (10:00 GMT)