TIGBRANDS:  21,800   -50 (-0.23%)  25/05/2019 00:00

Tiger Brands Confirms Co Received Summons Regarding Class Action Lawsuit

April 17 (Reuters) - Tiger Brands Ltd:

* CLASS ACTION SUMMONS ISSUED AGAINST TIGER BRANDS

* CLASS ACTION SUMMONS ISSUED AGAINST TIGER BRANDS

* CONFIRM THAT COMPANY RECEIVED SUMMONS IN RESPECT OF CLASS ACTION LAWSUIT ON 16 APRIL 2019

* NO SPECIFIC AMOUNT OF DAMAGES BEING CLAIMED IN SUMMONS

* INTENDS TO DEFEND CLASS ACTION AND COMPANY IS PREPARING TO FOLLOW DUE LEGAL PROCESS

* INSURERS HAVE ADVISED PRODUCT LIABILITY POLICY DOES NOT INCLUDE COVER FOR EXEMPLARY OR PUNITIVE DAMAGES, IF SUCH AWARD MADE BY COURT

* ADVISED S. AFRICAN LAW DOES NOT RECOGNISE CLAIM FOR EXEMPLARY/PUNITIVE DAMAGES, OR CONSTITUTIONAL DAMAGES OF EXEMPLARY/PUNITIVE NATURE Source text for Eikon: Further company coverage:

2019-04-17 09:00:46

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