Shareholder class action
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Media/ASX and NZX Release
3 April 2023
Shareholder class action
A class action has been filed against Downer EDI Limited (Downer) in the Federal Court of
Australia, New South Wales Registry.
Downer understands that these proceedings have been brought on behalf of persons who acquired
an interest in Downer shares during the period 1 April 2020 to 27 February 2023.
The statement of claim includes allegations that Downer:
• breached its continuous disclosure obligations under the Corporations Act and ASX Listing
Rules by not disclosing to the market information relating to, and
• engaged in misleading and deceptive conduct or made false or misleading statements under
the Corporations Act, the ASIC Act and the Australian Consumer Law by making or failing to
qualify various representations relating to,
a maintenance contract in its Australian Utilities business and Downer’s financial performance and
systems and controls.
Downer intends to defend the proceedings.
Authorised for release by Downer’s Chief Executive Officer, Peter Tompkins.
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. For more information visit downergroup.com.
For further information please contact:
Media: Mitchell Dale, Group Manager Corporate Affairs +61 448 362 198
Investors: Adam Halmarick, Group Head of Investor Relations +61 413 437 487
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOWNER
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.