AVZ 0.00% 78.0¢ avz minerals limited

Let's hope it doesn't get to that point and AVZ win the battle,...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 251 Posts.
    lightbulb Created with Sketch. 392
    Let's hope it doesn't get to that point and AVZ win the battle, they are up against it as we all know.

    My understanding is AVZ have significant D&O insurance cover. The question was raised at one of the roadshows of why there had been a substantial increase in the D&O premiums. The answer given was the increase in market-cap, not sure if that was the only reason for a multiple-fold premium increase, only AVZ and the insurer would know the answer to that.

    If AVZ have "Side C" cover in their D & O insurance policy, potentially, claims made by SH's may be covered.

    There are generally three insuring clauses in a D&O policy. D&O provides coverage to the individual Directors and Officers (Side A) or as a reimbursement to the company for its indemnification of these individuals (Side B). Entity (Side C) cover is when a claim is made by shareholders in a publicly listed company.

 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.