An actor who claims he was sexually assaulted by Kevin Spacey has reached a settlement with the Old Vic theatre.

Ruari Cannon, who has waived his right to anonymity, was an actor at the London venue when Spacey was its artistic director.

He alleged that Spacey, who has denied the allegations, assaulted him at a theatre after-party at the Savoy Hotel, as well as at the Old Vic's theatre bar on a separate occasion.

In a statement the Old Vic theatre said: "Ruari Cannon and The Old Vic have reached a mutually agreed out-of-court settlement, the precise terms of which are confidential."

It added: "This settlement has been agreed without any admission of liability, having regard to the costs and impact on all parties of continuing litigation. This statement has been mutually agreed and there will be no further comment."