News: SAI Sai Global updates on arbitration over PLA

Nov 7 (Reuters) - Sai Global Ltd (SAI)

• Sai global - reference is made to Sai Global's announcement in relation to its execution of scheme implementation agreement with baring asia
• "considers that commencement of this arbitration is immaterial in context of scheme"
• Under SID, commencement of an arbitration, if material, could give rise to a termination right on part of Baring Asia
• Notice of further arbitration over PLA: declarations sought by Standards Australia over interpretation of PLA renewal provisions
• Standards Australia's referral to arbitration is not based on any alleged breach of PLA
• "Standards Australia does not seek any damages or other financial relief"
• Considers that commencement of this arbitration does not give rise to a termination right under SID