July 7 (Reuters) - Michael Hill New Zealand Limited MHI.NZ :
* Group continues to defend its position and has commenced litigation
proceedings in the high court of New Zealand
* A favourable outcome to the dispute will result in tax refunds due to the
group of approximately NZ$6.7 million"
* Has an unresolved dispute with New Zealand inland revenue concerning a tax
treatment adopted by the group
* Adverse outcome may result in additional tax to pay for group of NZ$33.25
million and tax payments of NZ$6.7 million not being refunded to group
* Source text for Eikon ID:nNZW2k1NF9