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Slater & Gordon Ltd (SGH.AX)

SGH.AX on Australia Stock Exchange

0.13AUD
30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Slater & Gordon provides update on ASIC's investigation
Thursday, 23 Mar 2017 06:43pm EDT 

Slater & Gordon Ltd : Asx alert-asic investigation concludes with no enforcement action-sgh.ax . Advises that asic notified co that it has concluded investigation announced by company to market on 21 december 2016 . Investigation was focused on accuracy of financial records and accounts of company for period between 1 december 2014 and 29 september 2015 .ASIC has stated information and evidence following investigation does not indicate that there was a breach of law; will not take any enforcement action.  Full Article

Slater & Gordon issues update regarding stabilisation of its capital structure
Thursday, 16 Mar 2017 05:44pm EDT 

Slater & Gordon Ltd : Asx alert-update on capital structure-sgh.ax . Company notes recent media speculation regarding trading in its debt . Has been informed by new senior lenders that they fully intend to implement a solvent restructure of company . Is continuing its confidential discussions with new senior lenders regarding restructure .Co has recently been notified that in excess of 94% of its debt facility traded from original syndicate of par lenders to secondary debt buyers.  Full Article

Bellamy's says it has been served with a further representative proceeding
Tuesday, 7 Mar 2017 11:29pm EST 

Bellamy's Australia Ltd - : Bellamy's acknowledges further class action . Proceeding has been filed by Maurice Blackburn Lawyers on behalf of applicant . Been served with a further representative proceeding filed against Bellamy's . Statement of claim includes allegations in relation to misleading or deceptive conduct and continuous disclosure obligations . Proceeding filed by Maurice Blackburn Lawyers is separate to representative proceeding filed by Slater & Gordon Limited .Proceeding brings claim on behalf of certain shareholders who acquired interest in co between 14 April 2016 and 9 Dec 2016 inclusive.  Full Article

Slater & Gordon hy loss attributable $425.1 mln vs loss of $958.3 mln
Sunday, 26 Feb 2017 04:50pm EST 

Slater & Gordon Ltd - : Hy revenue $322.7 million, down 33.8 percent; hy loss attributable $425.1 million versus loss of $958.3 million .Agree recapitalisation plan with lenders by may 26 2017.  Full Article

Bellamy's Australia acknowledges class action
Thursday, 23 Feb 2017 02:58am EST 

Bellamy's Australia Ltd : Bellamy's australia limited acknowledges class action . served with a representative proceeding filed against Bellamy's in federal court of Australia in Victoria. . proceeding has been filed by Slater & Gordon Ltd on behalf of applicant . proceeding brings claim on behalf of shareholders who acquired interest in Bellamy's shares between 14 April-12 december 2016 inclusive . statement of claim includes allegations of contraventions of corporations act 2001 (CTH) .Claims in relation to misleading or deceptive conduct and continuous disclosure obligations.  Full Article

Slater & Gordon gets notices from ASIC regarding accuracy of financial records
Tuesday, 20 Dec 2016 05:20pm EST 

Slater & Gordon Ltd : ASIC investigation seeks to determine whether financial records were deliberately falsified or manipulated . On 20 Dec co was served by ASIC with 2 notices to produce documents relating to an ASIC investigation .Investigation into accuracy of financial records and accounts of company for period between 1 December 2014 and 29 September 2015.  Full Article

Slater and Gordon updates on UK performance improvement programme
Monday, 29 Aug 2016 07:09pm EDT 

Slater & Gordon Ltd : UK performance improvement programme is still in its early stages . UK business has shown significant performance improvement in the second half and enters FY 2017 with positive momentum . Says UK performance improvement programme is on track in terms of implementation and delivery of benefits .  Full Article

Slater and Gordon posts FY net loss of $1.02 billion
Monday, 29 Aug 2016 07:06pm EDT 

Slater & Gordon Ltd : FY net loss $1.02 billion versus profit of $62.4 million . FY revenues from ordinary activities $908.2 million versus $598.2 million . Says no current year final dividend .  Full Article

Slater and Gordon announces FY 2016 earnings guidance
Tuesday, 23 Aug 2016 08:02pm EDT 

Slater & Gordon Ltd : FY 2016 earnings guidance . H2 FY 2016 reported net loss after tax is expected to be $59.3M . H2 FY 2016 group earnings before interest, tax, depreciation, amortisation and movement in work in progress (ebitdaw) expected to be $8.9M . Says FY 2016 total revenue (and other income) is expected to be $908.2M. . Net debt at 30 June 2016 is expected to be $682.3M . Full year net loss after tax is expected to be $1,017.6M" .  Full Article

Slater & Gordon Ltd updates on proposed reorganisation - Reuters
Sunday, 28 Feb 2016 01:13am EST 

Slater & Gordon Ltd:"Remain convinced that the emerging market environment in the UK will make scale at least as important as it has been in Australia in generating sustainable returns" - RTRS.Says "key priority for the 2016 financial year is reducing debt".Anticipates that the proposed reorganisation will result in a reduction in the total number of UK employees over the course of the next 12 months.Reorganisation will not impact co's service to its existing clients; anticipated to result in the closure of a number of current sites.Says reorganisation costs associated with these plans are likely to be recorded in H2 FY 2016 and beyond.Reduction in total number of UK employees anticipated to occur through a combination of natural attrition and redundancy.  Full Article

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BRIEF-Imf Bentham updates on class action funding

* Proposes to fund claims of certain current & former shareholders of Bellamy's Australia against Bellamy's