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BRIEF-Rungepincockminarco updates on legal proceedings in in Russia

Published 21/07/2016, 11:03 am
© Reuters.  BRIEF-Rungepincockminarco updates on legal proceedings in in Russia
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July 21 (Reuters) - Rungepincockminarco Ltd RUL.AX :

* Notice of adverse court judgement in Russia RUL.AX

* Received an unexpected adverse judgement against it from the arbitration court of Moscow in Russia

* Judgment relating to advisory work which it performed for a Russian company during the 2014 financial year.

* RPM had been directed to refund approximately USD$350K of fees already paid to RPM under the project"

* Judgement will result in rpm now fully providing for this debt in its accounts for the 2016 financial year

* Says RPM has appealed the decision to the appellate courts in Russia

* Source text for Eikon ID:nASX4tZr15

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