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BRIEF-Australian Careers Network notes reports in media regarding ongoing operations of unit

Published 09/12/2015, 04:00 pm
Updated 09/12/2015, 04:10 pm
© Reuters. BRIEF-Australian Careers Network notes reports in media regarding ongoing operations of unit
ACO
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Dec 9 (Reuters) - Australian Careers Network Ltd ACO.AX :

* Company update ACO.AX

* Closure relates to approximately 260 students"

* "Notes reports in the weekend media in regards to the ongoing operations of its subsidiary, Phoenix institute of Australia"

* "Remaining 22,000 students will continue to be assisted through their studies via the mytimelearning online platform"

* "Board has sought legal advice and is contemplating issuing proceedings seeking to compel det to pay the deferred payments"

* "This decision will only impact Phoenix students who attend the queen street premises in person for their training"

* Says "decision will not affect online students using acn's mytime learning facility"

* Phoenix has taken step in response to Australian department of education and training having deferred vet fee-help payments to Phoenix

* confirms that as part of cost cutting measures, phoenix has taken steps to close queen street facility as of 18th dec

* Source text for Eikon ID:nASX3gyK9z

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