PGC
18/11/2015 09:00
GENERAL
PRICE SENSITIVE
REL: 0900 HRS Pyne Gould Corporation Limited
GENERAL: PGC: Torchlight Fund No.1 LP legal action
NZX ANNOUNCEMENT
18 November 2015
Torchlight Fund No.1 LP legal action
Wilaci, an entity connected with Australian businessman John Grill, is
appealing the recent High Court ruling [see previous announcements 20/10/2015
and 22/10/2015] in a case involving Torchlight Fund No.1 LP ("Torchlight"),
an associate of Pyne Gould Corporation ("PGC").
Torchlight considers that the High Court's decision was correct and in
accordance with long-established legal principles, and that the appeal is
without merit.
Until the appeal is concluded, PGC will not make any further comment.
For more information, please contact: David Lewis +64 21 976 119
End CA:00273621 For:PGC Type:GENERAL Time:2015-11-18 09:00:56