May 22, 2020 / 1:30 AM / 4 days ago

BRIEF-Downer EDI Says Spotless Group Accepted Offer To Settle Class Action

May 22 (Reuters) - Downer EDI Ltd:

* SPOTLESS GROUP ACCEPTED AN OFFER TO SETTLE CLASS ACTION

* AS A RESULT OF SETTLEMENT, IF APPROVED, IMPACT ON DOWNER GROUP’S RESULTS FOR 2020 FINANCIAL YEAR WILL BE $35 MILLION (PRE-TAX)

* SETTLEMENT IS WITHOUT ADMISSION OF LIABILITY AND IS SUBJECT TO FEDERAL COURT APPROVAL Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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