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BRIEF-Namoi Cotton Announces Settlement Of Cargill Dispute

Published 11/11/2019, 04:05 pm
Updated 11/11/2019, 04:08 pm
© Reuters.  BRIEF-Namoi Cotton Announces Settlement Of Cargill Dispute
NAM
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Nov 11 (Reuters) - Namoi Cotton Ltd NAM.AX :

* NAMOI COTTON LTD ANNOUNCES SETTLEMENT OF CARGILL DISPUTE

* NOW SETTLED DISPUTE, INCLUDING DISMISSAL OF PRE-DISCOVERY PROCEEDINGS, AND SOLD 15% STAKE IN COA AND CARGILL PROCESSING LTD TO CAL

* CONFIRMS THERE WILL BE NO MATERIAL IMPACT ON FY20 PRE-TAX EARNINGS OR CASH FLOWS FROM OPERATING ACTIVITIES FROM SETTLEMENT

* TERMS OF DISPUTE SETTLEMENT ARE CONFIDENTIAL

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