Brief: ASIC Starts Civil Penalty Proceedings Against Noumi Ltd

Noumi

27/02/2023 02:02

Feb 27 (Reuters) - Australia's ASIC:
    * STARTED CIVIL PENALTY PROCEEDINGS IN FEDERAL COURT AGAINST
NOUMI
LTD (FORMERLY FREEDOM FOODS), ITS FORMER MD & CEO, & FORMER CFO
    * CIVIL PENALTY PROCEEDINGS FOR ALLEGED CONTINUOUS
DISCLOSURE
FAILURES, BREACHES OF CO DIRECTOR & OFFICER DUTIES, & FALSE OR
MISLEADING CONDUCT
    * FREEDOM FOODS ALLEGED TO HAVE FAILED TO DISCLOSE MATERIAL
INFORMATION ABOUT VALUE OF INVENTORIES IN REPORTS FOR FY2019 &
HY ENDING DEC 31 2019
    * FREEDOM FOODS ALLEGED TO HAVE FAILED TO DISCLOSE MATERIAL
INFORMATION ABOUT SALES REVENUE, GROSS PROFIT AND PROFIT AFTER
TAX IN REPORT FOR 1H19

Further company coverage:  NOU.AX 

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