A FORMER New Age traveller from Monmouth has been awarded £300,000 in a divorce settlement from her millionaire businessman ex-husband.

Kathleen Wyatt had previously demanded a £1.9m payout from Dale Vince, but did not file a claim until nearly 20 years after their divorce in 1992.

In the years following the couple’s divorce Mr Vince became a millionaire and green energy tycoon after forming a company called Exotricity, valued at at least £57m.

Ms Wyatt, aged 55, lodged a claim for "financial remedy" in 2011, which was given the green light by Deputy High Court Judge Nicholas Francis the following year. But the claim was blocked by three appeal judges in 2013.

But on Friday, June 10 High Court family judge Mr Justice Cobb approved the terms of a £300,000 settlement, saying he was “perfectly satisfied that it is reasonable.”

“The wife is entitled to receive a modest capital award following the breakdown of this marriage,” he said.

"The lump sum payment agreed between the parties fairly represents, in my view, a realistic and balanced appraisal of the unusual circumstances of this case."

How much she will actually receive of her award remains uncertain, because of outstanding legal bills which have yet to be fully quantified.

Lord Wilson, who was one of the judges to block the £1.9m claim, said Ms Wyatt was in poor health and lives in a “modest house” in Monmouth, subsiding on low-paid jobs and state benefits.

Describing Mr Wilson as “a remarkable man”, Lord Wilson said: "In his 20s he was a New Age traveller with no money at all.

"But one year at the Glastonbury festival he rigged up a contraption from which he provided a wind-powered telephone service.

"It was the start of a business which, as a result of his ingenuity and drive, has led to his manufacture and sale of green energy on a massive scale.

Speaking when the Supreme Court ruled his ex-wife’s claim should be heard, Mr Vince, aged 53, said: "I feel that we all have a right to move on and not be looking over our shoulders.

“This could signal open season for people who had brief relationships a quarter of a century ago.

“It's mad in my opinion."

Neither Ms Wyatt nor Mr Vince, who lives in Stroud in Gloucestershire with his second wife, were in court for the announcement of the settlement.