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BRIEF-Australian Careers Network provides company update

Published 18/01/2016, 11:49 am
© Reuters.  BRIEF-Australian Careers Network provides company update
ACO
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Jan 18 (Reuters) - Australian Careers Network Ltd ACO.AX :

* Company received notification of a determination by the Australian Government Department of Education and Training

* "DET made no other negative findings in respect of phoenix's compliance with any other vet quality and accountability requirements"

* Notification that advance vet fee-help payments in sum of $40 million that had previously been deferred to 15 January would not be paid

* "Company is reassessing its operations and business strategies pending the outcome of the federal court proceedings"

* Co also advises that it has renegotiated the terms of completion of its acquisition of SmallPrint and Catapult

* Source text for Eikon ID:nASX4G2Jkv

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