System1 Group (SYS1)

Sector:

Media

Index:

FTSE AIM All-Share

 425.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 460.00p
  • 52 Week Low: 168.50p
  • Currency: UK Pounds
  • Shares Issued: 12.87m
  • Volume: 559
  • Market Cap: £54.70m
  • Beta: 0.04

System1 files trademark complaint in US court

By Josh White

Date: Tuesday 09 Nov 2021

LONDON (ShareCast) - (Sharecast News) - System1 announced on Tuesday that, on 27 September, its US and UK subsidiaries System1 Research Incorporated and System1 Research Limited, filed a complaint for trademark infringement, unfair competition and deceptive trade practices.
The AIM-traded firm said the complaint was filed at the United States District Court, Southern District of New York, and was against System1 LLC over its infringing use of the mark 'SYSTEM1'.

It said it was being advised in the matter by international law firm Norton Rose Fulbright.

"The opposing party continues to use the 'SYSTEM1' name and mark, and has announced that it proposes to expand such use by becoming a NYSE-listed company through a business combination with Trebia Acquisition Corporation," the board said in its statement.

The company said it took the protection of its unique intellectual property "very seriously", and believed such ongoing and expanding use by the opposing party was likely to cause "significant confusion" with System1 Group and its registered marks.

"Moreover, [this] constitutes intentional infringement, in violation of relevant US federal and state trademark laws as well as trademark laws in the UK, the EU and other countries," the board added.

"The board believes that the company's case against the opposing party is compelling, and will issue further updates in due course."

At 0858 GMT, shares in System1 Group were down 1.08% at 366p.

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System1 Group Market Data

Currency UK Pounds
Share Price 425.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 460.00p
52 Week Low 168.50p
Volume 559
Shares Issued 12.87m
Market Cap £54.70m
Beta 0.04

System1 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.11% below the market average75.11% below the market average75.11% below the market average75.11% below the market average75.11% below the market average
84.31% below the sector average84.31% below the sector average84.31% below the sector average84.31% below the sector average84.31% below the sector average
Price Trend
96.03% above the market average96.03% above the market average96.03% above the market average96.03% above the market average96.03% above the market average
89.83% above the sector average89.83% above the sector average89.83% above the sector average89.83% above the sector average89.83% above the sector average
Income Not Available
Growth
43.03% above the market average43.03% above the market average43.03% above the market average43.03% above the market average43.03% above the market average
66.04% above the sector average66.04% above the sector average66.04% above the sector average66.04% above the sector average66.04% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

System1 Group Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Nov-19 04-Jul-19
Paid 13-Dec-19 02-Aug-19
Amount 1.10p 6.40p

Trades for 26-Jan-2022

Time Volume / Share Price
15:26 114 @ 430.00p
14:48 115 @ 430.00p
14:34 100 @ 410.00p
12:59 230 @ 432.00p

System1 Group Key Personnel

Chair Graham Blashill
CFO Chris Willford

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