May 24 (Reuters) - Sigma Healthcare Ltd (SIG) :
- Sigma has now decided to commence legal proceedings against My Chemist/Chemist Warehouse Group
- Has been in discussions in relation to operation of certain aspects of current supply agreement with My Chemist/Chemist Warehouse Group
- Offers of mediation and binding arbitration were also proposed but were rejected by MC/CW.
- Remedies to be sought by Sigma include declarations and injunctions for specific performance of agreement
- If MC/CW acts in accordance with their stated intention, impact on Sigma's EBIT is expected to be approximately $5m - $10m per annum
- "Current year underlying EBIT could be up to 5% below FY2016/17"
- "Ongoing legal costs will also impact earnings"
News: SIG Sigma Healthcare decides to commence legal proceedings against My Chemist/Chemist...
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