CIM cimic group limited
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News: CIM Cimic Group Says Served With Class Action Proceeding Filed In Victorian Register Of...

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    25/08/20
    20:45
    Post #: 46812428

    Aug 25 (Reuters) - CIMIC Group Ltd (CIM) :

    • SERVED WITH CLASS ACTION PROCEEDING FILED IN VICTORIAN REGISTER OF FEDERAL COURT ON 24 AUGUST
    • CIMIC DENIES THERE IS A PROPER BASIS FOR CLAIM AND WILL DEFEND PROCEEDINGS
    • CLAIM RELATES TO DISCLOSURES ABOUT CIMIC'S NON-CONTROLLING 45% INVESTMENT IN MIDDLE EAST, REPORTING OF CASH FLOWS IN FACTORING ARRANGEMENTS
    • CLAIM BROUGHT ON BEHALF OF SOME SHAREHOLDERS WHO PURCHASED SHARES IN PERIOD BETWEEN 7 FEBRUARY 2018 AND 22 JANUARY 2020
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