PANAUST LIMITED ABN 17 011 065 160
Level 1, 15 James Street, Fortitude Valley, Brisbane | QLD | 4006 | Australia
PO Box 2297, Fortitude Valley Business Centre | QLD | 4006
T: +61 7 3117 2000 | F: +61 7 3846 4899 | E: info@panaust.com.au
ASX ANNOUNCEMENT23 December 2014
Settlement of claim made by former Managing Director
The Company and the former Managing Director, Mr Gary Stafford have entered into a deed of settlement and release for the settlement of all matters arising from the past employment of Mr Stafford and for the discontinuance of the legal proceedings that had been brought by Mr Stafford.
In accordance with the mutual confidentiality obligations contained in the deed, the Company will be making no further comment in relation to this matter.
For further information contact: Garry Nickson
MAGNUS
Tel: +61 414 930 082
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