Response to Media Square Claims (5942S)

TIDMPTCM TIDMMSQ

RNS Number : 5942S

Porta Communications PLC

23 November 2011

PORTA COMMUNICATIONS PLC

Response to Media Square Claims

The Board of Porta Communications plc ("Porta" or "the Company") notes the announcement by Media Square plc that it intends to take legal action against the Company and its Chief Executive and Chairman, David Wright.

The Board of Porta absolutely refutes these claims as they are untrue and will defend them vigorously. The Board of Porta also believes that any losses which Media Square may have suffered are likely to be as a result of their own actions and failings. Further, at no stage, prior to issuing proceedings on 22 November, and including in its letter of 11 October, has Media Square set out the legal basis for its claims, despite repeated requests.

A further update will be provided as appropriate.

Enquiries

 
Porta Communications 
 plc 
 www.portacomms.com 
 David Wright, 
  Chief Executive                                 +44 (0) 20 7680 6500 
 -----------------------------------------------  -------------------- 
 Keith Springall, 
  Finance Director                                +44 (0) 20 7680 6500 
 -----------------------------------------------  -------------------- 
Northland Capital Partners 
                             -------------------  -------------------- 
                             Tim Metcalfe / Rod 
(Nominated Adviser)           Venables            +44 (0) 207 796 8800 
                             -------------------  -------------------- 
(Corporate Broker)           Katie Shelton        +44 (0) 207 796 8800 
                             -------------------  --------------------

About Porta Communications

Porta Communications plc, the international marketing and communications business, is led by David Wright, Chief Executive and Chairman. David is well known for establishing Citigate in late 1988. In 1997 he reversed Citigate into Incepta plc and David became Chief Executive of the enlarged Group, later becoming Chairman. By 2003, when David left Incepta, he had built one of the largest international financial communications companies in the world, through a series of key acquisitions and an active recruitment programme. Prior to Citigate he was Managing Director of Streets Financial Strategy from 1986 to 1988. David began his career as a journalist.

For further information, please visit www.portacomms.com

This information is provided by RNS

The company news service from the London Stock Exchange

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