InvestSMART

DUG Technology Ltd (ASX:DUG)

ALERT: Price-sensitive ASX Announcement for DUG
Current share price for DUG : $2.110 0.07 (3.43%)+
Announcement
Release
18 Mar 2026 10:51AM
Price at Release
$2.040
Full Release
download
Summary
DUG Technology Ltd announced the settlement of legal proceedings initiated by a supplier against its subsidiary, DownUnder GeoSolutions (America) LLC, over a disputed supplier invoice related to an energy management services agreement. The United States District Court had ordered DUG US to pay approximately US$2.1 million in damages and costs. However, a settlement was reached for US$1.5 million, which includes all claims and counterclaims, without admission of liability by either party. Upon payment, the supplier will file a release of judgment with the court.
Key Points
  • DUG Technology Ltd settled legal proceedings with a supplier.
  • Dispute involved a supplier invoice under an energy management services agreement.
  • The United States District Court ordered DUG US to pay about US$2.1 million.
  • Settlement amount agreed at US$1.5 million to resolve all claims.
  • Settlement does not constitute an admission of liability by either party.
  • Following payment, the supplier will file a release of judgment.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.