Insurance Recovery Received
Hansard Global plc has received £2,130,989.45 from its insurers to cover costs associated with legacy litigation for Hansard Europe dac, which will be recognised in the year-end results. The company anticipates further litigation-related cost recoveries from its insurers and expects its insurance arrangements to continue supporting future defence and settlement expenses.
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Further to previously disclosed information, the Company announces that it has received from its insurers £2,130,989.45 in respect of costs previously incurred by Hansard Europe dac in defending and settling legacy litigation. The Company also expects to recover further litigation-related costs from its insurers in due course.
The amount received to date will be recognised on a consolidated basis in the year end results.
The Company continues to engage constructively with its insurers and expects its insurance arrangements to remain effective in supporting the Group's future defence and, where appropriate, settlement costs.
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