SIP 1.55% $1.31 sigma pharmaceuticals limited

May 13 (Reuters) - Sigma Pharmaceuticals Ltd (SIP) : A...

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    May 13 (Reuters) - Sigma Pharmaceuticals Ltd (SIP) :

    • A proportion of class action settlement reached in 2012 was funded by insurers and subject to right to "claw- back" in certain circumstances
    • Sigma and AIG have subsequently agreed to settle AIG's claim for reimbursement for $12.5 million
    • This has continued to be recognised as a contingent liability in Sigma's accounts
    • AIG has notified Sigma of its intention to exercise this right
    • Says this settlement has no ongoing implications for Sigma's business
    • Due to settlement, there will be a one-off $8.8 million impact on Sigma's reported net profit after tax
                        
 
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Currently unlisted public company.

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