Brief: Seafarms Says Received Decision In Contractual Dispute Regarding Sea Dragon

Seafarms

03/02/2023 07:46

Feb 3 (Reuters) - Seafarms  SFG.AX :
    * CONSTRUCTION DISPUTE UPDATE
    * RECEIVED DECISION OF ROYAL INSTITUTION OF CHARTERED
SURVEYORS
ADJUDICATOR IN CONTRACTUAL DISPUTE REGARDING PROJECT SEA DRAGON
    * REMAIN FOCUSED ON DEVELOPMENT OF NEW BUSINESS CASE FOR
PROJECT
SEA DRAGON
    * ADJUDICATOR DETERMINED TOTAL AMOUNT OF A$13.9 MILLION
PAYABLE TO
CANSTRUCT
    * NOW CONSIDERING  NEXT STEPS ON  MATTER, INCLUDING LEGAL
REDRESS
    * TOTAL AMOUNT DETERMINED AS PER CLAIMS OF MONEY OWED AFTER
SUSPENSION OF WORK ON PROJECT SEA DRAGON

Source text for Eikon:  ID:nASX7N05xY 
Further company coverage:  SFG.AX 
 ((Reuters.Briefs@thomsonreuters.com;))