Feb 14 (Reuters) - Ridley Corporation Ltd RIC.AX :
* ANNOUNCES SETTLEMENT OF LEGAL PROCEEDINGS COMMENCED AGAINST IT BY BAIADA
* UNDER TERMS OF SETTLEMENT AGREEMENT, RIDLEY WILL PAY $1.935 MILLION TO BAIADA
* CURRENT SUPPLY AGREEMENT BETWEEN RIDLEY, BAIADA AMENDED TO PROVIDE PRODUCTION EFFICIENCIES FOR RIDLEY WITH CHANGES TO FEE STRUCTURE
* TERM OF AGREEMENT EXTENDED FOR TWO YEARS TO EXPIRE ON 30 NOV 2025