February 14, 2020 / 2:22 AM / 6 days ago

BRIEF-Ridley Corp Announces Settlement Of Legal Proceedings Commenced By Baiada

Feb 14 (Reuters) - Ridley Corporation Ltd:

* ANNOUNCES SETTLEMENT OF LEGAL PROCEEDINGS COMMENCED AGAINST IT BY BAIADA

* UNDER TERMS OF SETTLEMENT AGREEMENT, RIDLEY WILL PAY $1.935 MILLION TO BAIADA

* CURRENT SUPPLY AGREEMENT BETWEEN RIDLEY, BAIADA AMENDED TO PROVIDE PRODUCTION EFFICIENCIES FOR RIDLEY WITH CHANGES TO FEE STRUCTURE

* TERM OF AGREEMENT EXTENDED FOR TWO YEARS TO EXPIRE ON 30 NOV 2025 Source text for Eikon: Further company coverage:

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