Cape Settles Historic Employer Liability Litigation Claims
April 10 2017 - 3:55AM
Dow Jones News
LONDON--Cape PLC (CIU.LN) said Monday the historic insurer
employer liability claims with Aviva PLC (AV.LN) have been settled
and now withdrawn, with no admission of liability and each party
bearing their own legal costs.
The international provider of critical industrial services to
the energy and natural resources sectors added that the settlement
doesn't require any cash payment and will require no material
change in the existing IDC provision of 172.5 million pounds
($213.7 million).
Shares at 0725 GMT up 3 pence, or 1.2%, at 245 pence.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
April 10, 2017 03:40 ET (07:40 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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