Description
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DAYA MATERIALS BERHAD ("DMB" OR "THE COMPANY")
KUALA LUMPUR HIGH COURT CIVIL SUIT NO. 23NCVC-56-10-2014
MARK LEONARD MIDGLEY ("THE PLAINTIFF") VS DMB AND THAM JOOI LOON AND THE EDGE COMMUNICATIONS SDN BHD ("THE DEFENDANTS")

Announcement Details/Table Section :


The Board of Directors of DMB wishes to announce that the Company along with Tham Jooi Loon (NRIC No. 651126-07-5067) and another have been named as defendants in a civil suit filed by Mark Leonard Midgley (British Passport No.: 500539048) ("Plaintiff") in the High Court of Malaya at Kuala Lumpur for alleged libel in relation to an article published in The Edge on 22 September 2014.

The Company had received on the evening of 3 November 2014, a letter dated 31 October 2014 from Messrs. B. Puvarasan & Co, the Plaintiff's lawyers, together with a copy of the sealed Writ of Summons dated 28 October 2014and Statement of Claim dated 20 October 2014 ("Writ").

As pleaded in the Writ, the Plaintiff is claiming for the following:

1. An injunction restraining the Defendants and each of them, whether by themselves, their servants, or agents or otherwise from further making any, or other, defamatory statements, remarks and/or publications against the Plaintiff;

2. Damages of USD5 million for libel;

3. Exemplary damages;

4. Aggravated damages;

5. Interest at the rate of 4% for the damages awarded;

6. Costs (on an indemnity basis) to be paid by the Defendants; and

7. Such other, or further order or relief as is deemed appropriate and proper by the court.

At this juncture, the Company is unable to determine if the claim has any adverse financial and operational impact on the Company until the Company has been duly advised by its lawyers. The Company intends to vigorously defend this action and will make the necessary announcements as and when there are material developments in this case.

This announcement is dated 4 November 2014.

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