Litigation announcement


 

TIDMMBO 
 
RNS Number : 8570Y 
MobilityOne Limited 
10 September 2009 
 

 
 
 
 
 MobilityOne Limited 
("MobilityOne" or the "Company") 
 
 
Litigation with GHL Systems Berhad and GHL Transact Sdn Bhd 
 
The Company wishes to announce that MobilityOne Sdn Bhd ("MobilityOne 
Malaysia"), a wholly-owned subsidiary of the Company, has received a Writ of 
Summons and Statement of Claim from the solicitors of GHL Systems Berhad 
("GHLS") and its subsidiary, GHL Transact Sdn Bhd ("GHLT"), for the following: 
 
  1.  GHLS is claiming for RM363,868.13 (equivalent to GBP62,991.11*) together with 
  interest at the rate of between 1% to 2% per month and cost for outstanding 
  rental of EDC terminals, service charges for hosting facilities, and supporting 
  services in respect of 'Mr Kiosk' software; and 
 
 
              2.  GHLT is claiming for RM1,209,349.50 (equivalent to 
GBP209,356.79*) together with interest at the rate of 
                     2% per month and cost for outstanding rental and 
maintenance of EDC and supply of thermal paper. 
 
MobilityOne Malaysia has referred the matter to its solicitors and based upon 
the evidence gathered and preliminary advice from its solicitors, the Directors 
of MobilityOne Malaysia believe they have sufficient grounds to defend the 
claims and MobilityOne Malaysia will vigorously defend the matter. 
 
In addition to the above, MobilityOne Malaysia, via its solicitors, is 
finalising a Writ of Summons and Statement of Claims to be filed against GHLS in 
respect of outstanding payment due to MobilityOne Malaysia for inventories and 
equipment, charges in respect of services not rendered, interest and other 
miscellaneous matters totalling more than RM3.0 million (equivalent to 
GBP519,345.62*). It is anticipated that the Writ of Summons and Statement of 
Claims will be filed shortly. 
 
 
The original claims issued by GHLS and GHLT and the counter-claim issued by 
MobilityOne Malaysia were disclosed in the Company's annual report and accounts 
for the year ended 31 December 2008 which were sent to shareholders on 30 June 
2009. The claims by GHLS and GHLT were strongly refuted by the management of 
MobilityOne Malaysia and the Directors of MobilityOne Malayisa were of the 
opinion at the time the claims were issued that MobilityOne Malaysia was 
unlikely to suffer any economic outflow as a result of the claims. 
 
 
GHLS owns 3,209,784 ordinary shares in the Company representing 4.06% of 
MobilityOne's existing issued share capital. 
 
The Company will make appropriate announcements on the development of the 
litigation in due course. 
 
 
* Based on the exchange rate of 1 GBP  = RM5.7765 as at 9 September 2009 
 
 
For further information please contact: 
 
 
+--------------------------------------+--------------------------------------+ 
| MobilityOne Limited                  |                                      | 
+--------------------------------------+--------------------------------------+ 
| Dato' Hussian A. Rahman, CEO         | Tel:  +603 6286 1999                 | 
+--------------------------------------+--------------------------------------+ 
| har@mobilityone.com.my               | www.mobilityone.com.my               | 
+--------------------------------------+--------------------------------------+ 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Allenby Capital Limited              | Tel:  +44 (0)207 510 8600            | 
+--------------------------------------+--------------------------------------+ 
| Imran Ahmad                          |                                      | 
+--------------------------------------+--------------------------------------+ 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Threadneedle Communications          | Tel:  +44 (0)207 653 9850            | 
+--------------------------------------+--------------------------------------+ 
| Graham Herring/Josh Royston          |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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