We refer to the announcements made on 29 September 2014, 29 October 2014, 25 June 2015, 26 October 2015, 5 November 2015, 30 November 2015 and 22 January 2016 in relation to the Material Litigation ("Announcement"). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
The Board of Directors of DPS wishes to announce the following update to the Material Litigation.
On the 11th of March 2016, the matter has proceeded with submissions by both parties. After hearing the submissions, the court decided to adjourn the decision to 22nd of April 2016.
The solicitors acting for SSB are of the opinion that, based on the numerous rulings made by the Court on admission of documents and the testimonies of witnesses and experts from SSB and MSIG, SSB has a reasonably fair chance of success in dismissing MSIG's appeal against the Judgment.
This announcement is dated 30 March 2016.