Downer EDI Limited/Announcement
Downer EDI Limited logo

Shareholder class action

Legal3 April 2023DOWIndustrials

PriviPri
Page 1 of 1


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.