Shareholder Q&A
Question
Will RBG be able to take advantage of the Supreme Court’s recent verdict [in 2021] in favour of firms that were previously denied insurance payouts over the impact of government lockdown restrictions by insurance companies?
Is there any chance shareholders will receive an update on this issue for clarity if indeed RBG is eligible to receive compensation?
Response
We have taken a great deal of interest in this case and are pleased with the direction it is taking and are discussing this with our insurance brokers. The devil is also very much in the detail as to whether our particular claim and our particular circumstances will end up eventually getting a payment.
The maximum potential claim is however not large (£250k) and therefore any eventual payment, if successful, will not be significant when compared to the impact of Covid-19 on the company.