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Stobart Group Ltd. (STOB)

Share Price:
Up 92.20p
Change Today:
Market Cap:

Appeal by former Stobart CEO rejected by high court

11 Jun 19

LONDON (ShareCast) - (Sharecast News) - Infrastructure and support services group Stobart said former chief executive Andrew Tinkler has lost his appeal against the High Court defeat over his dismissal.
Back in February, the company - which owns Southend Airport - won a court case against its former CEO, who claimed he had been unlawfully removed as an executive director in June 2018.

Tinkler later applied for permission to appeal aspects of the judgment, but this has been refused by the Court of Appeal.

"The board will provide further updates to shareholders on proceedings as required," Stobart said.

At 1530 BST, the shares were up 3.1% at 106.80p.

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Market Data

Currency UK Pounds
Price 92.20p
Change Today 0.70p
52 Week High 182.20p
52 Week Low 90.00p
Volume 17,489
Shares Issued 374.65m
Market Cap 345.43m


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Amount 3.00p 1.50p