ATTENTION: QUINTIS LIMITED SHAREHOLDERS
05/09/2024
This is an important communication to shareholders in Quintis Limited (Quintis) who are group members in the Davis Class Action about the settlement of the class action against Quintis, approved by the Federal Court in July 2022, pursuant to which it agreed to pay approximately $4.37 million.
The Davis Applicants have filed an application in relation to the allocation and distribution of the approximately $4.37 million settlement sum, and any applicable interest earned on this amount less withholding tax (Quintis Sum).
The Court has ordered a NOTICE AS TO PROPOSED DISTRIBUTION OF SETTLEMENT WITH QUINTIS be issued to group members of the Davis Class Action. The NOTICE AS TO PROPOSED DISTRIBUTION OF SETTLEMENT WITH QUINTIS contains information to allow you to work out whether you agree or disagree with the proposed allocation and distribution of the Quintis Sum.
Please carefully read the NOTICE AS TO PROPOSED DISTRIBUTION OF SETTLEMENT WITH QUINTIS.
The proposed distribution of the Quintis Sum is subject to Court approval, and the Court will determine the Davis Applicants’ application at a hearing on 24 February 2025.
If you support the proposed distribution of the Quintis Sum, you do not have to do anything.
If you disagree with the proposed distribution of the Quintis Sum, you should take the action set out in the NOTICE AS TO PROPOSED DISTRIBUTION OF SETTLEMENT WITH QUINTIS by 4.00pm (AEST) on 4 October 2024.
If you have any questions about the NOTICE AS TO PROPOSED DISTRIBUTION OF SETTLEMENT WITH QUINTIS or the information contained in it, you should email Piper Alderman, the solicitors for the Davis Applicants, at [email protected] or call +61 2 9253 9999 and ask to speak to Jordana Yencken-Nissenbaum.