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IMF Bentham Ltd (IMF.AX)

IMF.AX on Australia Stock Exchange

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30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

IMF Bentham say U.S. investment vehicle secures funding agreement
Sunday, 26 Mar 2017 05:34pm EDT 

IMF Bentham Ltd : New USA funding agreement . Its United States investment vehicle, Bentham IMF 1 LLC (Bentham IMF 1) has agreed to fund a further matter in U.S. . IMF has taken policy position not to disclose specific details about Bentham IMF 1's investments .New matter number USF2 involves funding of multiple patent infringement cases for Bentham IMF 1's client against multiple defendants.  Full Article

Imf Bentham updates on confidential Australian case completion
Thursday, 23 Feb 2017 11:50pm EST 

Imf Bentham Ltd : Following completion of an Australian matter, anticipates receiving gross revenue of approximately $2.7mln .Imf has become entitled to receive $2.2m, which constitutes profit after capitalised costs of approximately $1.0m.  Full Article

IMF Bentham's U.S. investment vehicle funds co's first matter
Thursday, 23 Feb 2017 10:47pm EST 

Imf Bentham Ltd : Announces that its United States investment vehicle, Bentham IMF 1 llc (Bentham IMF 1), has funded its first matter . "Taken policy position not to disclose specific details about Bentham IMF 1's investments" .Not to disclose specific details about Bentham IMF 1's investments until after resolution of each case.  Full Article

IMF Bentham refers to proposal to fund claims of certain shareholders of Spotless Group
Thursday, 23 Feb 2017 10:37pm EST 

IMF Bentham Ltd : Confirms that condition precedent to its funding of matter has been satisfied . IMF will now be funding William Roberts lawyers to pursue claim against spotless . Confirms legal proceedings for class action have been filed on 'open class' basis in NSW registry of federal court of Australia .Announcement refers to IMF's proposal to fund claims of certain current, former shareholders of Spotless Group against Spotless.  Full Article

IMF Bentham Ltd reports HY total income from cont ops up 179 pct
Thursday, 23 Feb 2017 04:58pm EST 

IMF Bentham Ltd : Directors have determined today to pay a fully franked interim dividend of 3.0 cents per share . Consolidated net profit from continuing operations after tax for half-year was $13.992 mln .HY total income from continuing operations up 179 pct to $36.481 million.  Full Article

IMF Bentham announces successful outcome of case funded by U.S. unit
Sunday, 12 Feb 2017 08:57pm EST 

Imf Bentham Ltd : Announces successful outcome of a case funded in United States by IMF's wholly owned subsidiary, Bentham Capital LLC . On 10 Feb, following trial of US Case 25 in a US Federal Court, a jury found in favour of Bentham USA's client .Expects to recognise revenue of approximately $7.8 mln, and generate a profit after capitalised overheads but before tax of about $3.9 mln.  Full Article

IMF Bentham updates on Australian funding agreement
Wednesday, 7 Dec 2016 07:44pm EST 

IMF Bentham Ltd : Asx alert-new australian funding agreement - aet-imf.ax . Initial portfolio value that IMF intends to include for matter in quarterly investment portfolio report following funding agreement is $45m .Conditionally agreed to fund claims against australian executor trustees in its capacity as trustee of seas sapfor scheme.  Full Article

IMF Bentham updates on Australian funding agreement
Wednesday, 7 Dec 2016 05:44pm EST 

IMF Bentham Ltd : Asx alert-new australian funding agreement - aet-imf.ax . Initial portfolio value that IMF intends to include for matter in quarterly investment portfolio report following funding agreement is $45m .Conditionally agreed to fund claims against australian executor trustees in its capacity as trustee of seas sapfor scheme.  Full Article

IMF Bentham updates on Ashley Services Group investor class action
Wednesday, 30 Nov 2016 08:30pm EST 

Imf Bentham Ltd : refers to its previous announcement in ashley matter of 17 august 2015 .IMF confirms that legal proceedings for class action have been filed in nsw registry of federal court on wednesday, 30 november 2016.  Full Article

IMF Bentham updates on settlement of class action against Rivercity
Thursday, 29 Sep 2016 08:33pm EDT 

Imf Bentham Ltd : Advises that it has received approximately $40m in relation to Rivercity Matter . Following settlement ,intended to recognise profit after capitalised overheads (but before tax) of $29m in relation to this matter this FY .Refers to announcement in Rivercity Matter concerning conditional settlement of class action against Rivercity becoming unconditional.  Full Article

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BRIEF-IMF Bentham say U.S. investment vehicle secures funding agreement

* Its United States investment vehicle, Bentham IMF 1 LLC (Bentham IMF 1) has agreed to fund a further matter in U.S.