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BRIEF-TNG says co settles with Commonwealth on Davis Samuel costs

Published 23/11/2015, 09:37 am
© Reuters.  BRIEF-TNG says co settles with Commonwealth on Davis Samuel costs
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Nov 23 (Reuters) - TNG Ltd TNG.AX :

* TNG settles with commonwealth on Davis samuel costs TNG.AX

* Says TNG has also agreed to withdraw its appeal against the commonwealth

* Says "commonwealth completely discharges and releases TNG from any claims in respect to costs"

* Says an appeal against the judgement handed down on 21 November 2014 has been lodged by a number of the other defendants

* Although TNG may take part in the appeal, it does not envisage that any significant cost will be involved in doing so

* Says in any case, tng's contingent liability is capped at $261,059.01 under its agreement with the commonwealth

* Source text for Eikon ID:nASX32NZcw

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