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BRIEF-Ampol Ltd Received Notice Of Proceedings Issued By Chevron Alleging Breaches Of Trade Mark Licence Agreement

Published 01/09/2020, 08:42 am
Updated 01/09/2020, 08:48 am
© Reuters.

Sept 1 (Reuters) - Ampol Ltd ALD.AX :

* AMPOL LTD - RECEIVED NOTICE OF PROCEEDINGS ISSUED BY CHEVRON IN FEDERAL COURT OF AUSTRALIA ALLEGING BREACHES OF TRADE MARK LICENCE AGREEMENT

* AMPOL LTD - PROCEEDINGS ALLEGE THESE BREACHES AND INFRINGEMENTS HAVE OCCURRED DUE TO USE OF NON-COMPLIANT SIGNAGE AT 177 AMPOL SITES

* AMPOL LTD - PROCEEDINGS SEEK AN INJUNCTION REQUIRING REMOVAL OR RECTIFICATION OF SIGNAGE AND DAMAGES

* AMPOL LTD-PROCEEDINGS DO NOT AFFECT WORK OUT PERIOD OR AMPOL'S TRANSITION TO 'AMPOL' BRAND DURING THE TIME FRAME

* AMPOL LTD - AMPOL AND CHEVRON HAVE BEEN IN DISCUSSION FOR SOME TIME IN AN EFFORT TO RESOLVE CHEVRON'S COMPLAINTS

* AMPOL LTD - CONFIDENT OF ITS POSITION AND INTENDS TO DEFEND THE CLAIM ACCORDINGLY

* AMPOL- WITH ROLL OUT OF CO'S TWO PILOT SITES IN AUGUST & FURTHER SITES PLANNED FOR REMAINDER OF 2020, AMPOL'S TRANSITION PLANS ARE ON TARGET

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