Centamin - Market Update
24.04.2014 | Marketwire
PERTH, Apr 24, 2014 - Centamin PLC (LSE: CEY) (TSX: CEE) ("Centamin" or "the Company") Centamin notes that a new law, numbered 32 of 2014, came into effect in Egypt yesterday. The Company understands, based on legal advice, that the new law will restrict the capacity for third parties to challenge any contractual agreement between the Egyptian government and an investor. Furthermore, the new law appears to cover all currently pending lawsuits and challenges.Centamin continues to discuss with its advisers the process by which the original claim in relation to the Sukari Concession Agreement, which was brought by a third party and is subject to an ongoing court appeal, may be dismissed under the provisions of this new law.
For more information please contact:
Centamin PLC
Josef El-Raghy, Chairman
Andy Davidson, Head of Business Development and
Investor Relations
(andy.davidson@centamin.je)
+44 (0) 1534 828708
Buchanan
Bobby Morse, Gordon Poole, Gabriella Clinkard
+ 44 (0)20 74665000
This information is provided by RNS The company news service from the London Stock Exchange
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