Kilimanjaro files legal proceeding against MYOB
16 December 2022
Kilimanjaro files legal proceeding against MYOB
AUCKLAND, 16 December 2022 - Enprise Group (NZX: ENS) advises that
Kilimanjaro has filed legal proceedings in the Federal Court of Australia
against MYOB.
On 1 August 2022 Enprise advised NZX that its subsidiary Kilimanjaro Consulting
Pty Ltd (Kilimanjaro) had disputed retrospective reduction in margins that Kilimanjaro
Consulting receives on existing sales of MYOB Exo software.
Kilimanjaro has since sought to resolve the dispute by negotiation, without success.
Accordingly, Kilimanjaro, but has now filed legal proceedings in the Federal Court of
Australia against MYOB Australia Pty Ltd (MYOB) seeking relief to maintain the
benefit of the bargain they entered into with MYOB.
As noted in the announcement of 1 August, the impact of the purported reduction of
42.86% is approximately NZ$935,000 per annum.
Elliot Cooper
Chief Executive Officer
Enprise Group Limited
0275615501
Ends.
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