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Comment & Analysis

Monday October 27, 08:08 AM
BRIEF-Pan Pacific Aggregates' Pumptown receives writ

LONDON, Oct 27 (Reuters) - Pan Pacific Aggregates Plc (LSE: PPA.L - news) :

* Pumptown Quarry inc. ('pumptown'), a subsidiary of the company has now

received a writ from HSBC (LSE: HSBA.L - news) for a total potential liability of up to $13.255 million

* The directors believe that the true potential liability to Pumptown is

significantly less than this amount and are in discussions to ascertain this

level of potential liability

((London Equities Newsroom; +44 20 7542 7717))

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