Brief: DRA Global Says DRAH Is Awarded R1,761,013.72 Plus Interest And Costs

DRA Global

18/03/2022 07:13

March 18 (Reuters) - DRA Global Ltd  DRA.AX :
    * DRA GLOBAL LTD - PROVIDES AN UPDATE IN RESPECT OF
PROCEEDINGS
BROUGHT BY DRAH AGAINST LMDC, AND COUNTERCLAIMS BY LMDC AGAINST
DRAH
    * DRA GLOBAL LTD - DRAH IS AWARDED R1,761,013.72 ($160,405)
PLUS
INTEREST AND COSTS.
    * DRA GLOBAL LTD - LMDC IS AWARDED R31,290,403.78
($2,850,150)
PLUS INTEREST AND COSTS.
    * DRA GLOBAL LTD - DRA HAS NOT PREVIOUSLY MADE PROVISION FOR
AN
AWARD IN FAVOUR OF LMDC.
    * DRA GLOBAL-NET AMOUNT PAYABLE BY DRA TO LMDC, FOLLOWING
FINAL
DETERMINATION OF COSTS AND INTEREST, WILL BE INCLUDED IN PROFIT
AND LOSS FOR CURRENT FY

Source text for Eikon:  ID:nJseR0002a 
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