Brief: Holista Colltech Reaches Settlement With ASIC

Holista Colltech

22/09/2023 03:32

Sept 22 (Reuters) - Holista CollTech Ltd  HCT.AX :
    * HOLISTA COLLTECH REACHES SETTLEMENT WITH ASIC
    * FINAL SETTLEMENT IS SUBJECT TO FEDERAL COURT APPROVAL
    * SETTLEMENT ON ASIC'S CIVIL PENALTY PROCEEDINGS REGARDING
ALLEGEDLY MISLEADING STATEMENTS MADE ABOUT CO'S SANITISER
PRODUCT
    * CURRENT MANAGING DIRECTOR & CEO WAS ALSO A DEFENDANT TO
ASIC
PROCEEDINGS AND HAS AGREED TO SETTLEMENT WITH ASIC
    * BOARD CURRENTLY CONSIDERING REPLACEMENT FOR DR RAJEN TO BE
APPOINTED ON OR BEFORE DATE ASIC ORDERS COME INTO EFFECT
    * BOARD CURRENTLY CONSIDERING REPLACEMENT FOR CEO TO BE
APPOINTED
ON OR BEFORE DATE ASIC ORDERS COME INTO EFFECT

Source text for Eikon:  ID:nASXbM6Vnc 
Further company coverage:  HCT.AX 

 ((Reuters.Briefs@thomsonreuters.com;))