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On 5 May 2026, Vulcan Two Group PLC announced that Chrystal Capital Partners LLP (CC) has issued legal proceedings against the Company. The claim, by CC which previously provided services to Vulcan Two Limited (a wholly owned subsidiary), is for approximately £600,000 in relation to certain fees.
| Date | 5 May 2026 |
| Time | 07:00:12 |
| Category | Corporate updates |
| ID | 9040C |
5 May 2026
Vulcan Two Group plc
(the "Company" or "Vulcan Two")
Legal Proceedings
Further to the disclosure in the Company's Admission Documents dated 29 August 2025 and 27 February 2026 (the "Admission Documents"), the Company has been notified that Chrystal Capital Partners LLP ("CC"), a corporate finance and investment house that previously provided services to the Company's wholly owned subsidiary, Vulcan Two Limited ("Vulcan Limited"), has issued legal proceedings against the Company claiming that certain fees related to CC's engagement letter with Vulcan Limited are payable (the "Claim"). The Claim is in the amount of approximately £600,000.
As noted in the Admission Documents, the Company has obtained legal advice in relation to its obligations to CC. The Company considers the substance of the Claim to be baseless and without merit, and will seek to have it dismissed at the earliest possible opportunity. It is not expected that the defence of the Claim will involve a material commitment of time by the Directors, nor create a distraction from the execution of the Company's strategy.
The Company will provide further updates as appropriate.
For further information please contact:
|
Vulcan Two Group plc Michael Kraftman, Chief Executive Officer Brendan O'Brien, Chief Operating Officer |
Email: [email protected] |
|
Canaccord Genuity Limited Simon Bridges / Harry Pardoe / Elizabeth Halley-Stott |
Tel: +44 (0) 20 7523 8000 |
|
Alma Strategic Communications Justine James / Sam Modlin / Will Merison |
Email: [email protected] Tel: +44 (0) 20 3405 0205 |