Benjamin Hornigold Ltd Settles Litigation for $1.8M
Key points
- Settled litigation for $1.8M including GST
- Settlement involves a former director
- No further funds expected from current proceedings
- Board to consider capital management options
Full summary
Benjamin Hornigold Ltd, ASX:BHD, announced the settlement of claims against a former director for $1,800,000, including GST. The company does not anticipate further funds from ongoing court proceedings. The board will review capital management options once legal expenses are settled.
Outlook
The board will consider capital management options after settlement proceeds are received and legal expenses are accounted for.
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