CTP 7.69% 4.8¢ central petroleum limited

Ann: Annual Report to shareholders , page-15

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    From the report:
    ----------------
    On 26 March 2012 the Company advised that it had terminated the employment of Mr John Heugh. Mr John
    Heugh commenced an action in the Supreme Court of Western Australia against the Company disputing the
    Company's termination of his employment. The Company is defending the action vigorously.
    On 13 April 2012 the Company advised that Mr John Heugh had served an application seeking an injunction in
    the Supreme Court of Western Australia to restrain the Company from:
    • taking any steps to call a general meeting of members of the Company to consider a resolution that
    Mr John Heugh be removed as a director of the Company; or
    • further or alternatively from moving such resolution at any general meeting, pending the hearing and
    determination of Mr John Heugh’s legal action disputing the Company's termination of his
    employment (as announced on 26 March 2012).
    On 17 April 2012 the Company advised that the injunction application brought by Mr John Heugh had been
    dismissed by the Court. Mr John Heugh was ordered to pay the Company’s costs of the application.
    -------------------
    So the initial claim against his termination is still in place. His second application raised on 13th April was dismissed on 17th April.

 
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