Claims

Registry

Victorian Registry, Federal Court of Australia (VID143/2015).

Date of Filing

24 March 2015.

Solicitors for Applicant

Slater and Gordon.

Solicitors for Respondent

Minter Ellison.

Funder

Comprehensive Legal Funding (CLF).

Next in Court

Settlement Approval Application to be heard on 7 October 2016 at 10.15am before Justice Beach (Link to Orders).

Class Members

Shareholders that acquired an interest in Billabong ordinary shares or Billabong American Depository Receipts (BILLAS and BLLAY) between 18 February 2011 and 18 December 2011.

Capacity to Join

Notices requiring a claim lapsed on 16 November 2015.

Action Pleaded

Relates to Billabong’s announcement to the market on 19 December 2011 that, contrary to prior earnings guidance given on 18 February 2011 and 19 August 2011, it no longer expected strong underlying growth in earnings before interest, tax, depreciation and amortisation (EBITDA) for the financial year ending 30 June 2012 (FY12) and, further, that the company now expected its EBITDA performance for the first half of FY12 (1H12) to be 20-26% below its 1H11 performance.

Judgment

1. Settlement Approval (7 October 2016).