May 3, 2018 / 5:24 AM / 19 days ago

BRIEF-Lewis Group Says Reached Settlement Order In Matter Between National Credit Regulator, Lewis Stores

May 3 (Reuters) - Lewis Group Ltd:

* SETTLEMENT RE NATIONAL CREDIT REGULATOR AND LEWIS STORES (PTY) LTD

* SETTLEMENT ORDER IN MATTER BETWEEN NATIONAL CREDIT REGULATOR AND LEWIS STORES (PTY) LTD IN RELATION TO LOSS OF EMPLOYMENT, DISABILITY INSURANCE

* LEWIS, NCR PARTIES AGREED THEY WOULD SEEK ORDER BY CONSENT FROM HIGH COURT SETTING ASIDE AND REPLACING JUDGEMENT OF NCT WITH ORDER FROM HIGH COURT

* DETERMINATION OF NCT THAT LEWIS SHALL, WITHIN 30 CALENDAR DAYS OF ORDER, PAY AMOUNT OF R5 MILLION RAND AS A FINE

* DETERMINATION OF NCT IS LEWIS WILL ENGAGE INDEPENDENT FIRM OF AUDITORS TO REVIEW METHODOLOGY APPLIED IN CONDUCT OF AUDIT CARRIED OUT BY PWC Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below