Structural Monitoring Systems Plc resolves court proceedings
Key points
- Parties have entered into a Deed of Settlement and Release
- All matters relating to the proceedings have been resolved
- No admission of liability by any party
- Company looks forward to continuing to focus on strategic and operational priorities
Full summary
Structural Monitoring Systems Plc ('SMS' or 'the Company') (ASX:SMN & SMNOA) has announced the resolution of court proceedings commenced by Mr Ross Love and Turton House Group Pty Ltd in the Federal Court of Australia. The Company had previously made announcements regarding these proceedings on 16 October 2025 and 23 December 2025. The parties have now entered into a Deed of Settlement and Release, resolving all matters relating to the proceedings. Mr Love and Turton House Group Pty Ltd have filed a Notice of Discontinuance with the Federal Court of Australia, and the Court has approved the step to discontinue the proceedings. Under the terms of the settlement, the parties have agreed to fully and finally resolve the proceedings with no admission of liability by any party. The Company is pleased to bring this matter to a close and looks forward to continuing to focus on the execution of its strategic and operational priorities.
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