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Imdex Ltd (IMD.AX)

IMD.AX on Australia Stock Exchange

0.62AUD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Imdex says AMC and Reflex win appeal against Coretell & Camteq Group
Monday, 3 Apr 2017 08:42pm EDT 

Imdex Ltd : Asx alert-AMC and Reflex win appeal against Coretell & Camteq Group-IMD.AX . Full Court Of Federal Court Of Australia has dismissed appeal lodged by Coretell, Mincrest, Kleyn Investments against judgement of justice Mckerracher . Full Court also ordered that Coretell pay 90 percent of legal costs of AMC and Reflex .Legal and imdemnity cost estimated to exceed $4 million.  Full Article

Imdex and Australian Mud Company win appeal against Coretell
Tuesday, 21 Mar 2017 12:32am EDT 

Imdex Ltd : Australian Mud Company and Imdex win appeal against coretell-imd.ax . Court also ordered coretell pay legal costs of amc and imdex in original trial and appeal .Combined costs liability is estimated to exceed $5 million.  Full Article

Imdex finalises sale of its wholly owned oil and gas businesses
Tuesday, 27 Dec 2016 05:07pm EST 

Imdex Ltd : finalised sale of its wholly owned oil and gas businesses. . New facility has an interest rate of less than 5% and has been partially drawn down to pay out bain capital in full. . price for sale of oil and gas business is a$3.5 million . secured a new finance facility with bankwest to replace bain capital . Company has successfully secured a a$30 million facility with bankwest to replace bain capital facility .new bank facility and sale of o&g businesses.  Full Article

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