Result of American Arbitration

Released : 22.03.2012 08:30


22 March 2012

 

                              Tullett Prebon plc                               

  Result of Arbitration Tribunal of the American Arbitration Association, New  
                              York, New York, USA                              

 

TullettPrebon plc (the "Company") yesterday submitted a motion to the New York
Court to confirm the arbitral award made by a tribunal of the American
Arbitration Association in connection with claims by BGC Market Data and
certain of its affiliates ("BGC") that the Company's information sales
subsidiary misused certain market data it was being supplied under a
redistribution agreement.

The arbitrator's award is that the Company should pay BGC $0.8 million plus
interest at the statutory rate from 1 January 2010. BGC's application for
reasonable attorneys' fees and costs was denied.

ENDS

 

Enquiries:

Investors

Nigel Szembel
Tullett Prebon plc
+44(0)20 7200 7722
nszembel@tullettprebon.com

 

Media

Charlotte Kirkham
M:Communications
+44 (0)20 7920 2331
kirkham@mcomgroup.com