Australia's McPherson's slumps on civil penalty proceedings commencement

McPherson's

09/12/2022 01:04

** Shares of McPherson's Ltd  MCP.AX  slip as much as 3.5%
to A$0.685, their lowest since Nov 10
    ** Health and beauty products supplier says Australia
Securities and Investments Commission (ASIC) has commenced civil
penalty proceedings against co and its former director/chief
executive officer  urn:newsml:reuters.com:*:nASX3nhxB7
    ** Says it is considering matters raised by ASIC in its
statement
    ** Adds it does not intend to provide further comment given
matter is now before court
    ** Stock down 12.9% this year as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))