Spotless Class Action settlement
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Media/ASX and NZX Release
22 May 2020
SPOTLESS CLASS ACTION SETTLEMENT
Downer EDI Limited (Downer) announced today that Spotless Group Holdings Limited (Spotless) had
accepted an offer to settle the class action commenced against Spotless in the Federal Court of Australia in
May 2017.
The settlement is without admission of liability and is subject to Federal Court approval.
As a result of the settlement, if approved, the impact on Downer Group’s results for the 2020 financial year
will be $35 million (pre-tax).
Authorised for release by Grant Fenn, Downer’s Chief Executive Officer.
About Downer
Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the
heart of everything it does. It exists to create and sustain the modern environment and its promise is to work
closely with its customers to help them succeed, using world-leading insights and solutions to design, build
and sustain assets, infrastructure and facilities. Downer employs more than 53,000 people across more than
300 sites, primarily in Australia and New Zealand, but also in the Asia-Pacific region, South America and
Southern Africa. It also owns 88 per cent of Spotless Group Holdings Limited. For more information visit
downergroup.com.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470 145
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOW NER
www.downergroup.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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