X64 ten sixty four limited
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News: X64 Ten Sixty Four Says 3 Former Directors & Executives Commenced Proceedings In Court...

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    08/07/22
    13:50
    Post #: 62442856

    July 8 (Reuters) - Ten Sixty Four Ltd (X64) :

    • THREE FORMER DIRECTORS AND EXECUTIVES COMMENCED PROCEEDINGS IN SUPREME COURT OF WESTERN AUSTRALIA AGAINST CO ON 27 JUNE
    • PROCEEDINGS INVOLVE CLAIMS OF "OPPRESSIVE CONDUCT" AGAINST CO
    • BOARD CONSIDERS SUPREME COURT PROCEEDINGS ARE NOT MATERIAL TO CO
    • SUPREME COURT PROCEEDINGS AGAINST CO WILL BE DEFENDED
    • PROCEEDINGS INVOLVE AN ALTERNATIVE CLAIM FOR AN ALLEGED "BREACH OF DUTY OF CARE" TO PLAINTIFFS
    • PROCEEDINGS CONCERN ALLEGED FAILURE BY CO TO EXERCISE CONTROL OVER UNIT PHILSAGA MINING & CONDUCT OF UNIT'S PRESIDENT
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