Asset Resolution Limited (ARL) welcomes the recent judgement of the Queensland Supreme Court
(refer to media release dated 26 May 2017, http://asic.gov.au/about-asic/media-centre/), in which
certain officers of MFS were ordered to pay financial compensation to the former MFS Premium Income
Fund (PIF). Some of the former assets of PIF were transferred to ARL and this may or may not extend
to any compensation recovered from the former MFS officers.
Given that ARL shareholders’ claim on any compensation is uncertain, and it is equally uncertain
whether the former MFS officers in fact have any remaining assets from which to pay compensation,
ARL does not believe that the recent judgment is material to the Company.
For further information please contact ARL’s company secretary, Vicky Allinson on 08 8423 0170 or
email [email protected].
ASS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
