Supreme Court approves Close Brothers’ appeal By Investing.com

London – Close brothers (F:) Finance PLC, a prominent British commercial banking group, has received permission from the High Court to appeal a ruling in the Hopcraft car finance commissions case, the company announced today. The appeal follows a decision by the Court of Appeal against Close Brothers Limited (“CBL”), a subsidiary of Close Brothers Group plc.

The application for leave to appeal was made by CBL on 22 November 2024, and the company has now received confirmation from the High Court that it can proceed. Close Brothers stated that it will not comment further on the ongoing appeal process and will make additional announcements when appropriate.

This legal development is considered inside information, according to the UK version of the EU Market Abuse Regulation. According to the announcement, which is now publicly available, the company secretary, Sarah Beiser-Davies, is responsible for arranging the release of this information.

Close siblings, included in London Stock Exchange (LON:) is one of the component companies of , employs approximately 4,000 people, most of whom are in the United States Kingdom (Circulation:) and Ireland. The group provides services including lending, deposit taking, wealth management and securities trading.

The announcement also contains a cautionary statement regarding forward-looking statements, which may involve risks, uncertainties and assumptions. It emphasizes that no assurance can be given that any particular expectations will be met and that past performance is no indication of future results.

The company’s annual report, which includes factors that could cause actual future operations, performance, financial conditions, results or developments to differ from current expectations, is available on their website for those seeking detailed information.

This news article is based on a press release issued by Close Brothers Finance PLC.

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