ASX advises that one of its shareholders, Rosherville Pty Ltd (Rosherville), has provided ASX with notice that it proposes to file an application in the Federal Court of Australia. The proposed application is for leave to commence a Statutory Derivative Action under ss 236 and 237 of the Corporations Act 2001 (Cth) against certain former officers and directors of ASX, whereby Rosherville would commence proceedings on behalf of ASX. Further information about statutory derivative actions can be found on the following page.
Rosherville alleges that the identified former officers and directors breached certain of their directors’ duties in connection with the previous CHESS project. There are no allegations against ASX itself.
ASX will keep the market informed of further developments in this matter in accordance with its continuous disclosure obligations.
Click here for full details.
