Villa World Limited

Equities

VLW

AU000000VLW0

End-of-day quote Australian S.E. Other stock markets			5-day change	1st Jan Change
- ^AUD	-.--%		+0.43%	+33.90%

2019	Villa World Limited Announces the Cessation of David Ian Rennick as Director	CI
2019	Villa World Limited Announces Board Resignations	CI

Villa World : 01 Sep 2016 - Silverstone litigation resolved

September 31, 2016 at 08:08 pm EDT

1 September 2016

Silverstone litigation resolved

On 25 August 2016, the Company announced that the mediation held on 23 and 24 August 2016 did not result in a resolution of the proceedings, but negotiations were continuing.

The Company is pleased to advise that agreement in principle has now been reached between all parties for the resolution of the proceedings. The agreement is now to be formally documented, and is subject to approval by the Federal Court.

The Company's contribution to the proposed settlement amount and its costs of finalising the agreement and all remaining matters, are expected to be within and not materially different from the provisions made in the Company's financial statements as at 30 June 2016.

Details of the agreement are confidential and privileged, so the Company is not able to comment further at this stage.

For enquiries: Craig Treasure

CEO/Managing Director Tel: (07) 5588 8888

securityholder@villaworld.com.au

Villa World Limited published this content on 01 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 September 2016 00:08:06 UTC.

Original documenthttp://www.villaworld.com.au/sites/default/files/ASX_Announcements/ASX announcement - Siverstone settlement.pdf

Public permalinkhttp://www.publicnow.com/view/8BA64142BCE72202E3598C8D14AD1887C5FF226E

Latest news about Villa World Limited

Villa World Limited Announces the Cessation of David Ian Rennick as Director	19-10-29	CI
Villa World Limited Announces Board Resignations	19-10-29	CI
AVID Property Group Australia Pty Ltd completed the acquisition of Villa World Limited from Accordion Investments Pty Ltd and others.	19-10-29	CI
Villa World Limited(ASX:VLW) dropped from S&P/ASX Small Ordinaries Index	19-10-17	CI
Villa World Limited(ASX:VLW) dropped from S&P/ASX Emerging Companies Index	19-10-17	CI
Villa World Limited(ASX:VLW) dropped from S&P/ASX All Ordinaries Index	19-10-17	CI
Villa World Limited(ASX:VLW) dropped from S&P/ASX 300 Index	19-10-17	CI
Villa World Limited(ASX:VLW) dropped from S&P Global BMI Index	19-10-17	CI
Villa World Limited Announces Special Dividend, Payable on October 28, 2019	19-10-10	CI
Transcript : Villa World Limited, 2019 Earnings Call, Aug 20, 2019	19-08-19
Villa World Limited Reports Earnings Results for the Full Year Ended June 30, 2019	19-08-19	CI
Tranche Update on Villa World Limited's Equity Buyback Plan announced on September 19, 2018.	19-08-19	CI
Villa World Limited States Its Dividend Policy	19-05-14	CI
Villa World Limited Announces Director and Committee Changes	19-04-30	CI
Villa World Limited's Equity Buyback announced on September 19, 2018, has expired with 1,766,341 shares, representing 1.39% for AUD 3.36 million.	19-03-30	CI
AVID Property Group Australia Pty Ltd entered into binding scheme implementation agreement to acquire Villa World Limited from Accordion Investments Pty Ltd and others for approximately AUD 260 million.	19-03-11	CI
Transcript : Villa World Limited, H1 2019 Earnings Call, Feb 13, 2019	19-02-12
Tranche Update on Villa World Limited's Equity Buyback Plan announced on September 19, 2018.	19-02-12	CI
Villa World Limited Reports Earnings Results for the Half Year Ended December 31, 2018	19-02-12	CI
Villa World Limited Announces Ordinary Dividend for the Period Ended December 31, 2018, Payable on April 2, 2019	19-02-12	CI
Villa World Limited Announces Dividend Guidance for the First Half of 2019	18-12-13	CI
Villa World Limited Reports Earnings Results for the Four Months Ended October 31, 2018; Provides Earnings Guidance for the First Half and Full Year 2019	18-12-13	CI
Villa World Limited announces an Equity Buyback for 6,346,313 shares, representing 5% of its issued share capital.	18-09-19	CI
Villa World Limited authorizes a Buyback Plan.	18-09-18	CI
Villa World Limited Announces Ordinary Franked Dividend for the Period of Six Months Ended June 30, 2018, Payable on September 28, 2018	18-09-05	CI

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Company Profile

Villa World Limited is a property developer and housing provider. The Company's principal activities include the development and sale of residential land, and the development, construction and sale of house and land packages. It operates through two segments: Property development and construction - Queensland and New South Wales, and Property development and construction - Victoria. It develops and sells residential land and buildings in Queensland, New South Wales and Victoria. Its portfolio includes approximately 5,940 lots. Its properties in Brisbane include AFFINITY-THORNLANDS, EMINENCE-BRIDGEMAN DOWNS, RIVA-JOYNER, SEASCAPE-REDLAND BAY, THE SANCTUARY-WOODLANDS and WATERLINE-THORNLANDS. Its properties in Gold Coast include ARUNDEL SPRINGS-ARUNDEL, PARKSIDE-COOMERA and SEABRIGHT-JACOBS WELL. Its properties in North Queensland include AUGUSTUS-HERVEY BAY and LITTLE CREEK-GLADSTONE. Its properties in Victoria include CARDINIA VIEWS-PAKENHAM, LAVINIA-GREENVALE and SIENNA-PLUMPTON.

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