McAleese defends disclosure practices as lawyers circle


Company says there has been no legal approach so far on keeping market informed

McAleese defends disclosure practices as lawyers circle
McAleese says it has not been contacted

 

McAleese Group insists it has complied with continuous disclosure rules related to being a company listed on the Australian Securities Exchange (ASX).

McAleese was responding to a Fairfax Media report that quoted Jacob Varghese, a Principal in Maurice Blackburn Lawyers’ class actions department, as saying it was "investigating" whether there had been a breach of continuous disclosure requirements by the company relating to problems with its Cootes Transport subsidiary.

"McAleese Group confirms that no legal claims have been made against it and it has not been contacted by Maurice Blackburn or any other plaintiff law firm in relation to its continuous disclosure obligations," the company told the ASX.

The company has made three price sensitive announcements to the ASX since it listed on November 28, on December 6 and 18 and on January 30.

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