Brief: Omni Bridgeway Updates On Westgem Appeal Judgment

Omni Bridgeway

04/11/2022 03:15

Nov 4 (Reuters) - Omni Bridgeway Ltd  OBL.AX :
    * UPDATES ON WESTGEM APPEAL JUDGMENT
    * SUPREME COURT OF WESTERN AUSTRALIA COURT OF APPEAL
DELIVERED
JUDGMENT IN RESPECT OF WESTGEM LITIGATION
    * OMNI BRIDGEWAY REVIEWING APPEAL JUDGMENT AND ASSESSING
WHETHER
LEAVE SHOULD BE SOUGHT TO APPEAL TO HIGH COURT
    * OMNI BRIDGEWAY IS CONSIDERING IMPACT OF APPEAL JUDGMENT ON
ITS
EXISTING PROVISION FOR POTENTIAL ADVERSE COST EXPOSURE
    * COURT OF APPEAL DELIVERED JUDGMENT DISMISSING IN FULL
APPEALS OF
OMNI BRIDGEWAY'S FUNDED CLIENTS FROM FIRST INSTANCE DECISION
    * WESTGEM'S ESTIMATED PORTFOLIO VALUE OF A$250 MILLION WITH
POSSIBLE COMPLETION PERIOD OF FY23 REMAINS IN OUR PORTFOLIO
ASSUMPTIONS

Source text for Eikon:  ID:nASX3HXzg3 
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