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BRIEF-IMF Bentham Announces Settlement Of Case Against Ashley Services Group

Published 24/12/2018, 09:44 am
© Reuters.  BRIEF-IMF Bentham Announces Settlement Of Case Against Ashley Services Group

Dec 24 (Reuters) - Imf Bentham Ltd IMF.AX :

* ANNOUNCES NON-BINDING HEADS OF AGREEMENT PROPOSAL TO SETTLE SECURITIES CLASS ACTION IN FEDERAL COURT AGAINST ASHLEY SERVICES GROUP

* HEADS OF AGREEMENT RECORDING A PROPOSAL TO SETTLE SECURITIES CLASS ACTION COMMENCED IN FEDERAL COURT AGAINST ASH SIGNED BY ALL PARTIES

* EXPECTS TO RECOGNISE REVENUE FROM THIS INVESTMENT OF ABOUT RANGE OF $6.3 MILLION TO $7.2 MILLION

* EXPECTS TO RECOGNISE PROFIT AFTER CAPITALISED OVERHEADS OF ABOUT $3.4 MILLION TO $4.2 MILLION FROM INVESTMENT

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