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BRIEF-Cimic Group Says Served With Class Action Proceeding Filed In Victorian Register Of Federal Court On Aug 24

Published 25/08/2020, 08:40 pm
© Reuters.
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Aug 25 (Reuters) - CIMIC Group Ltd CIM.AX :

* SERVED WITH CLASS ACTION PROCEEDING FILED IN VICTORIAN REGISTER OF FEDERAL COURT ON 24 AUGUST

* CIMIC DENIES THERE IS A PROPER BASIS FOR CLAIM AND WILL DEFEND PROCEEDINGS

* CLAIM RELATES TO DISCLOSURES ABOUT CIMIC'S NON-CONTROLLING 45% INVESTMENT IN MIDDLE EAST, REPORTING OF CASH FLOWS IN FACTORING ARRANGEMENTS

* CLAIM BROUGHT ON BEHALF OF SOME SHAREHOLDERS WHO PURCHASED SHARES IN PERIOD BETWEEN 7 FEBRUARY 2018 AND 22 JANUARY 2020

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