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IMF Bentham Ltd (IMF.AX)

IMF.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

IMF Bentham Updates On Australian Class Action Settlement
Monday, 23 Dec 2019 

Dec 23 (Reuters) - IMF Bentham Ltd ::COURT MADE ORDERS FINALISING APPROVAL OF SETTLEMENT OF AUSTRALIAN SECURITIES CLASS ACTION AGAINST MEMBERS OF MURRAY GOULBURN COMPANIES.IMF CONFIRMS IT GENERATED AGGREGATE GROSS INCOME, BEFORE LOSSES, FROM INVESTMENTS THIS YEAR (INCLUDING FUND INVESTMENTS) OF $131.2 MILLION.ROW FUNDS' INCOME, INCLUDING REIMBURSEMENT OF COSTS, FROM THE INVESTMENT WILL BE ABOUT $12.9 MILLION WHICH WILL BE RECOGNISED IN FY20.  Full Article

IMF Bentham To Acquire Omni Bridgeway Holding
Tuesday, 15 Oct 2019 

Oct 15 (Reuters) - IMF Bentham Ltd ::AGREED TO ACQUIRE OMNI BRIDGEWAY HOLDING B.V. FOR UP TO EUR 87.5 MILLION.ESTIMATED MAXIMUM TOTAL NUMBER OF IMF SHARES TO BE ISSUED UNDER SALE AGREEMENT IS 24.9 MILLION SHARES OVER FIVE YEARS.IMF BENTHAM LTD - CONSIDERATION TO BE FUNDED BY PLACEMENT & ENTITLEMENT OFFER TO RAISE UP TO A$139 MILLION VIA ISSUE OF ABOUT 40.6 MILLION SHARES.IMF BENTHAM LTD - PLACEMENT WILL RAISE ABOUT A$19 MILLION AT A PRICE OF A$3.50 PER NEW SHARE.IMF BENTHAM LTD - ENTITLEMENT OFFER IS TO SUBSCRIBE FOR 1 NEW SHARE FOR EVERY 5.8 EXISTING IMF SHARES HELD AT OFFER PRICE A$3.40 PER SHARE.  Full Article

IMF Bentham Updates On Aet/Seas Sapfor Litigation
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - IMF Bentham Ltd ::UPDATES ON AET / SEAS SAPFOR LITIGATION.IMF BENTHAM SAYS JUDGEMENT BY SUPREME COURT OF NEW SOUTH WALES IN FAVOUR OF CO'S FUNDED CLIENT DAVID KERR.IMF BENTHAM SAYS DAVID KERR AS ADDITIONAL TRUSTEE OF SEAS SAPFOR FORESTRY SCHEME IS EXPECTED TO BE AWARDED COMPENSATION OF ABOUT $80 MILLION PLUS COSTS.CO EXPECTS, UPON RECEIPT OF PAYMENT, TO RECOGNISE APPROXIMATELY $30.5 MILLION IN NET INCOME FROM THE INVESTMENT.  Full Article

IMF Bentham Says In-Principle Settlement Of Securities Class Action Against UGL Pty Ltd Has Progressed
Monday, 16 Sep 2019 

Sept 16 (Reuters) - IMF Bentham Ltd ::IN-PRINCIPLE SETTLEMENT OF SECURITIES CLASS ACTION AGAINST UGL PTY LTD HAS PROGRESSED TO BINDING SETTLEMENT DEED.EXPECTS TO GENERATE GROSS INCOME OF ABOUT $8.6 MILLION FROM SETTLEMENT IF COURT APPROVAL IS OBTAINED.  Full Article

IMF Bentham Announces Completion Of A Law Firm Investment Funded In U.S.
Monday, 2 Sep 2019 

Sept 2 (Reuters) - IMF Bentham Ltd ::ANNOUNCES PENDING COMPLETION OF A LAW FIRM INVESTMENT FUNDED IN UNITED STATES THROUGH ITS US INVESTMENT VEHICLE, BENTHAM IMF 1 LLC.UPON COMPLETION OF INVESTMENT, IT IS EXPECTED THAT FUND 1 WILL RECEIVE INCOME FROM INVESTMENT PORTFOLIO OF APPROXIMATELY US$4.7 MLN.FUND 1'S INCOME FROM INVESTMENT EXPECTED TO GENERATE A PROFIT AFTER CAPITALISED OVERHEADS OF ABOUT A$2.1 MLN.  Full Article

IMF Bentham Announces Resolution Of A Case It Funded In United States Through Fund 1
Monday, 12 Aug 2019 

Aug 12 (Reuters) - IMF Bentham Ltd ::ANNOUNCES RESOLUTION OF A CASE IT FUNDED IN UNITED STATES THROUGH FUND 1.IMF BENTHAM-FUND 1 WILL RECEIVE INCOME OF A FURTHER US$21.6 MILLION FROM SETTLEMENT WHICH WILL GENERATE PROFIT AFTER CAPITALISED OVERHEADS OF A$10.7 MILLION.APPEAL HAS BEEN DISMISSED AND PARTIES HAVE REACHED A BINDING SETTLEMENT TO DRAW TO A CLOSE ANY FURTHER APPEALS.  Full Article

IMF Bentham Announces In-Principle Settlement Of UGL Securities Class Action
Friday, 9 Aug 2019 

Aug 9 (Reuters) - IMF Bentham Ltd ::ANNOUNCES IN-PRINCIPLE SETTLEMENT OF UGL PTY LTD SECURITIES CLASS ACTION.IF SETTLEMENT BECOMES UNCONDITIONAL, IMF CURRENTLY EXPECTS TO GENERATE INCOME OF APPROXIMATELY $8.3 MILLION.  Full Article

IMF Bentham Posts Consolidated Gross Income Of $18.7 Million In Quarter
Tuesday, 30 Jul 2019 

July 30 (Reuters) - IMF Bentham Ltd ::IMF BENTHAM LTD - CONSOLIDATED GROSS INCOME OF $18.7 MILLION WAS RECOGNISED IN QUARTER ENDED 30 JUNE 2019.  Full Article

IMF Bentham Says Confidential Partial Settlement Has Been Reached In An Australian Case It Has Funded
Friday, 19 Jul 2019 

July 19 (Reuters) - IMF Bentham Ltd ::ANNOUNCES A CONFIDENTIAL PARTIAL SETTLEMENT HAS BEEN REACHED IN AN AUSTRALIAN CASE IT HAS FUNDED..IMF CURRENTLY EXPECTS TO RECEIVE REVENUE OF ABOUT $7.5 MILLION FROM PARTIAL SETTLEMENT.  Full Article

IMF Bentham Notes Article On Brisbane Floods Class Action
Tuesday, 9 Apr 2019 

April 9 (Reuters) - IMF Bentham Ltd ::NOTES ARTICLE ON BRISBANE FLOODS CLASS ACTION.ARTICLE IS BASED ON CONFIDENTIAL COMMUNICATION FROM MAURICE BLACKBURN LAWYERS TO THEIR CLIENT GROUP MEMBERS.  Full Article