News: COL Coles Group Says Notified That Class Action Proceeding Filed In Federal Court

May 15 (Reuters) - Coles Group Ltd (COL) :

• NOTIFIED THAT A CLASS ACTION PROCEEDING HAS BEEN FILED IN FEDERAL COURT OF AUSTRALIA
• CLASS ACTION REGARDING PAYMENT OF COLES MANAGERS EMPLOYED IN SUPERMARKETS
• HAS BEEN UNDERTAKING A REVIEW OF REMUNERATION PAID TO AWARD COVERED SALARIED TEAM MEMBERS
• AIMING TO COMMENCE REMEDIATION FOR RELEVANT CURRENT TEAM MEMBERS IN MID-2020 AND FORMER TEAM MEMBERS SHORTLY THEREAFTER
• WILL DEAL DIRECTLY WITH CURRENT AND FORMER TEAM MEMBERS OR THEIR NOMINATED UNION IN RELATION TO ISSUES
• ADVISED ITS EXISTING TEAM MEMBERS OF ISSUE & AIMING TO START REMEDIATION FOR RELEVANT CURRENT TEAM MEMBERS IN MID-2020
• BELIEVES CLASS ACTION PROCEEDING IS WITHOUT MERIT AND WILL DEFEND PROCEEDING
• AIMING TO COMMENCE REMEDIATION FOR RELEVANT FORMER TEAM MEMBERS SHORTLY THEREAFTER POST MID-2020

Source text https://reut.rs/2zH72oK

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