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BRIEF-Zoono Group Commences Legal Proceedings Against MCS Capital Partners Pty And Stayzon Retail Ventures Pty

Published 03/12/2018, 02:20 pm
Updated 03/12/2018, 02:20 pm
© Reuters.  BRIEF-Zoono Group Commences Legal Proceedings Against MCS Capital Partners Pty And Stayzon Retail Ventures Pty

Dec 3 (Reuters) - Zoono Group Ltd ZNO.AX :

* COMMENCED LEGAL PROCEEDINGS AGAINST MCS CAPITAL PARTNERS PTY AND STAYZON RETAIL VENTURES PTY FOR BREACH OF DEED OF SETTLEMENT

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Precis of Press Release As Appears On ASX Announcement Platform: Zoono Files Legal Proceedings Against Stayzon   Global biotech company, Zoono Group Limited (ASX: ZNO) (‘Zoono’ or ‘the Company’), advises that it has commenced legal proceedings against MCS Capital Partners Pty Limited and Stayzon Retail Ventures Pty Limited (together, ‘Stayzon’) for breach of the Deed of Settlement pursuant to which Zoono and Stayzon ended their supply agreement in March 2018. Zoono believes Stayzon has engaged in, and continues to engage in, making false and misleading statements in the marketing and sale of Stayzon products.  Proceedings have been filed in the Auckland High Court.  Zoono will advise of the outcome of these proceedings in due course.
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