News: AST Ausnet Services updates on Mickleham road bushfire class action

Feb 21 (Reuters) - Ausnet Services Ltd (AST)

• Mickleham road bushfire class action
• Settlement of mickleham road bushfire class action
• Parties to mickleham road bushfire class action have agreed to a settlement of this litigation
• Settlement sum is $16m, inclusive of legal costs and interest
• Settlement is subject to court approval
• Maintains that there was no negligence on part of Ausnet services which caused, or contributed to, mickleham road bushfire
• Settlement is without admission of liability by Ausnet services or any other party
• Accepts that litigation involves some uncertainty and subject to court approval