News: HIL Hills Ltd says co and Woolworths agreed to end contract entered into on Dec 3, 2014

Oct 11 (Reuters) - Hills Ltd (HIL)

• Hills Limited and Woolworths Limited have agreed to end contract entered into on 3 dec 2014
• Woolworths will pay an amount to hills in settlement of all rights and obligations under licensing agreement (corrects source)
• Hills and Woolworths reach agreement on HHL brands
• terms of settlement remain confidential between parties
• Hills will record any associated increase to income and cash in its results for first half of fy17
• Hills is considering potential permanent replacement brand licensing arrangements for all hhl products