Cash Receipt
16 Janeiro 2009 - 7:28AM
UK Regulatory
TIDMBEK
RNS Number : 7681L
Berkeley Technology Limited
16 January 2009
+-------------------------------------+-------------------------------------+
| FOR IMMEDIATE RELEASE | January 16 2009 |
+-------------------------------------+-------------------------------------+
Berkeley Technology Limited
Cash Receipt
London, January 16, 2009 - Berkeley Technology Limited (OTCBB: BKLYY.PK, London:
BEK.L) (the "Company") is pleased to announce the receipt of approximately
US$1.37 million by its Jersey, Channel Islands based insurance subsidiary,
representing the pro-rata share of the first partial distribution of the Net
Settlement Fund in the Enron Corporation Securities Litigation class action. In
February 2008, we submitted a claim based on certain Enron bonds previously held
by our insurance subsidiary in Jersey. In aggregate, almost US$5 billion of the
US$7 billion recovered has been distributed to claimants in this first partial
distribution. The timing and amount of future distributions is unknown at this
time. Not all claims have been processed by the claims administrator.
Please address any inquiries to:
+----------------------------------+--------+----------------------------+
| Ian Whitehead | Jersey | (0)1534 607700 |
+----------------------------------+--------+----------------------------+
| Chief Financial Officer | | |
+----------------------------------+--------+----------------------------+
| Berkeley Technology Limited | | |
+----------------------------------+--------+----------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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