News: AIO Asciano updates on legal proceedings regarding its interest in ACFS Logistics

May 16 (Reuters) - Asciano Ltd (AIO) :

• Was served with a summons filed in the supreme court of New South Wales
• Summons with respect to proceedings regarding its interest in acfs logistics pty ltd
• Says Asciano intends to vigorously defend the proceedings
• Says a directions hearing in the proceedings has been scheduled for 2:00pm on 17 May 2016
• Plaintiffs seeking orders clarifying the parties' rights under the joint venture agreement
• Says does not anticipate that these proceedings will have any impact on the overall transaction timetable.
• Unanimously recommends that Asciano shareholders vote in favour of the scheme, in the absence of a superior proposal.