Brief: Sims Says It Executed Deed Of Settlement For Shareholder Class Action

Sims

10/06/2022 02:55

June 10 (Reuters) - Sims Ltd  I8M.F :
    * CLASS ACTION SETTLEMENT
    * EXECUTED A DEED OF SETTLEMENT FOR SHAREHOLDER CLASS ACTION
FILED
ON 15 FEBRUARY 2019
    * AMOUNT AGREED UNDER SETTLEMENT IS A$29.5 MILLION,
INCLUSIVE OF
INTEREST AND COSTS
    * SETTLEMENT IS WITHOUT ANY ADMISSION OF LIABILITY AND
SUBJECT TO
COURT APPROVAL
    * EXPECTS NET COST TO FOLLOWING RECEIPT OF INSURANCE
PROCEEDS WILL
BE APPROXIMATELY A$15 MILLION

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