Stobart Group PLC (LON:STOB) has revealed that permission for its former CEO Andrew Tinkler's to appeal certain aspects of the judgment handed down by Judge Russen QC on 15 February 2019 has been refused by the Court of Appeal.
In a brief statement, the FTSE 250-listed company said it will provide further updates to shareholders on the legal proceedings as required.
On May 17, the owner of London Southend airport said that at a hearing in the High Court on the previous day, Judge Russen QC had ordered Tinkler to pay 55% of the company's legal costs related to the first trial in November 2018.
They also pointed out then that Tinkler had applied for permission to appeal certain aspects of the trial judgment handed down on 15 February 2019, although no further details were given.
In a judgment handed down on 15 May, the Court of Appeal had unanimously upheld a preliminary decision of the High Court which found (among other things) that the words complained of by Tinkler were not sufficiently defamatory to give rise to an inference of serious harm under Section 1 of the Defamation Act 2013. The case continues in the High Court.
In afternoon trading on Tuesday, Stobart shares were 4.4% higher at 108.20p.