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News: BAL IMF Bentham Updates On Settlement Of Class Action Against Bellamy's Australia

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    27/11/19
    21:50
    Post #: 41671894

    Nov 27 (Reuters) - IMF Bentham Ltd (IMF) :

    • CONFIRMS IN-PRINCIPLE SETTLEMENT OF SECURITIES CLASS ACTION AGAINST BELLAMY'S AUSTRALIA NOW PROGRESSED TO BINDING SETTLEMENT AGREEMENT
    • IMF EXPECTS TO GENERATE GROSS INCOME OF UP TO ABOUT $12 MILLION, IF ALL OF PRECONDITIONS TO SETTLEMENT AGREEMENT ARE SATISFIED
    • SETTLEMENT IS SUBJECT TO COURT APPROVAL OF SETTLEMENT
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