Hopcraft hand down date - Friday 1 August

On 11 December 2024, Close Brothers Limited ("CBL") obtained permission from the Supreme Court of England and Wales (the "Supreme Court") to appeal the Court of Appeal's judgment against CBL in respect of the "Hopcraft" motor finance commissions case (the "Appeal").

The Appeal was heard by the Supreme Court between 1 April 2025 and 3 April 2025.

Today, the Supreme Court published on its website the scheduled date for publication of its judgment in respect of the Appeal[1]. The judgment is expected to be summarised at a brief hearing after the close of market trading at 4.35 p.m. on Friday, 1 August 2025 and made available on the Supreme Court website shortly thereafter.

The Supreme Court has informed CBL that the parties will not receive a copy of the draft judgment in advance of publication. CBL therefore does not know the outcome of the Appeal.

Close Brothers Group plc ("Close Brothers") will not be making any further announcement in respect of the Appeal until after the Supreme Court's judgment has been handed down and thereafter will make any further announcements as and when appropriate.

[1] www.supremecourt.uk/news/future-judgment