TNE 1.26% $31.28 technology one limited

June 28 (Reuters) - Technologyone Ltd (TNE) Updates regarding...

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    June 28 (Reuters) - Technologyone Ltd (TNE)

    • Updates regarding its dispute with Brisbane City Council (BCC) in relation to LGS project contract
    • On 26 June 2017, bcc issued Technologyone with a second notice to show cause
    • Recommended expedited arbitration to resolve issues
    • BCC has not accepted expedited arbitration which would allow these issues to be resolved and project put back on track
    • "Technologyone will again vigorously defend its position in its response to this notice"
    • "Attempted termination of contract by BCC continues to be most probable outcome"
 
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