Brief: Cryosite Ltd Reaches In Principle Settlement With ACCC

Cryosite

08/02/2019 06:41

Feb 8 (Reuters) - Cryosite Ltd  CTE.AX :
    * CRYOSITE REACHES IN PRINCIPLE SETTLEMENT WITH ACCC
    * AGREED PRINCIPLE SETTLEMENT WITH ACCC IN RELATION TO
PROCEEDING
AGAINST CRYOSITE IN FEDERAL COURT OF AUSTRALIA
    * ACCC WILL SEEK A PECUNIARY PENALTY OF $1.1M (INCLUDING
COSTS)
AGAINST CRYOSITE
    * CO ENTERED AGREEMENT WHICH IT NOW ACCEPTS RESULTED IN IT
CONTRAVENING COMPETITION AND CONSUMER ACT 2010

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