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TNE - TechnologyOne News Story

A$8.79 -0.1  -1.6%

Last Trade - 14/05/21

Mid Cap
Market Cap £1.54bn
Enterprise Value £1.49bn
Revenue £164.1m
Position in Universe 160th / 1911

BRIEF-Technologyone updates on dispute with Brisbane City Council on LGS project contract

Wed 28th June, 2017 12:32am
June 28 (Reuters) - Technologyone Ltd  TNE.AX  
    * Updates regarding its dispute with Brisbane City Council 
(BCC) in relation to LGS project contract 
    * On 26 June 2017, bcc issued Technologyone with a second 
notice to show cause 
    * Recommended expedited arbitration to resolve issues 
    * BCC has not accepted expedited arbitration which would 
allow these issues to be resolved and project put back on track 
    * "Technologyone will again vigorously defend its position 
in its response to this notice" 
    * "Attempted termination of contract by BCC continues to be 
most probable outcome" 
Source text for Eikon:*:nASX2Wb4tc 
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