Brief: Australia's ASIC Sues Nuix And Its Board For Continuous Disclosure

Nuix

29/09/2022 02:46

Sept 29 (Reuters) - Australian Securities & Investments
Commission (ASIC):
    * SUES NUIX AND ITS BOARD FOR CONTINUOUS DISCLOSURE AND
DIRECTORS’
DUTIES BREACHES
    * COMMENCED PROCEEDINGS IN FEDERAL COURT AGAINST NUIX FOR
ALLEGED
CONTINUOUS DISCLOSURE BREACHES, MISLEADING OR DECEPTIVE CONDUCT
    * "ALLEGES THAT NUIX MADE DECEPTIVE STATEMENTS WHEN
REAFFIRMING
ITS PROSPECTUS FINANCIAL YEAR 2021 FORECASTS FOR STATUTORY
REVENUE AND FOR ACV"
    * IS SEEKING DECLARATIONS, PECUNIARY PENALTIES AND
DISQUALIFICATION ORDERS FROM THE FEDERAL COURT
    * NUIX SHARES TOTALLING A$1.2 BILLION WERE TRADED DURING THE
PERIOD OF THE CONTRAVENTIONS ALLEGED BY ASIC
    * "ALLEGES THAT NUIX’S DIRECTORS BREACHED DIRECTORS’ DUTIES
BY
FAILING TO TAKE REASONABLE STEPS TO PREVENT CO FROM MAKING
MISLEADING STATEMENTS"

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