Claims

ASX Code: MGC
ISIN: AU000000MGC1
Claim Period: 29 May 2015 to 26 April 2016 (inclusive)
Shares traded in Period (m): 192
Price change on disclosure: -$0.138
Market Cap Drop ($m): 186
Registry

Federal Court of Australia, Victoria Registry (VID1010/2018).

Date of Filing

16 August 2018.

File Title

ENDEAVOUR RIVER PTY LTD v MG RESPONSIBLE ENTITY LIMITED & ANOR.

Presiding Judge

Justice Beach.

Solicitors for Applicant

Slater & Gordon.

Solicitors for Respondents

Herbert Smith Freehills.

Funder

IMF Bentham.

Overview of Claim

The proposed claim relates to guidance provided in a Product Disclosure Statement (PDS) issued by MGRE on 29 May 2015, regarding MG’s likely revenue and profits from the sale of milk products during the financial year ending 30 June 2016 (FY16).

Class Members

Persons who acquired units in the MG Unit Trust at any time prior to 27 April 2016, including pursuant to the offer contained in the PDS, and who suffered a loss as the result of acquiring those units are invited to participate in the claim by executing a Funding Agreement with IMF prior to the commencement of proceedings.

Capacity to Join

Open.

Status

First Case Management Hearing on 21 September 2018.