Sept 29 (Reuters) - Australian Securities & Investments Commission (ASIC):
- SUES NUIX AND ITS BOARD FOR CONTINUOUS DISCLOSURE AND DIRECTORS’ DUTIES BREACHES
- COMMENCED PROCEEDINGS IN FEDERAL COURT AGAINST NUIX FOR ALLEGED CONTINUOUS DISCLOSURE BREACHES, MISLEADING OR DECEPTIVE CONDUCT
- "ALLEGES THAT NUIX MADE DECEPTIVE STATEMENTS WHEN REAFFIRMING ITS PROSPECTUS FINANCIAL YEAR 2021 FORECASTS FOR STATUTORY REVENUE AND FOR ACV"
- IS SEEKING DECLARATIONS, PECUNIARY PENALTIES AND DISQUALIFICATION ORDERS FROM THE FEDERAL COURT
- NUIX SHARES TOTALLING A$1.2 BILLION WERE TRADED DURING THE PERIOD OF THE CONTRAVENTIONS ALLEGED BY ASIC
- "ALLEGES THAT NUIX’S DIRECTORS BREACHED DIRECTORS’ DUTIES BY FAILING TO TAKE REASONABLE STEPS TO PREVENT CO FROM MAKING MISLEADING STATEMENTS"
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