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McPherson's Limited (ASX:MCP)

ALERT: Price-sensitive ASX Announcement for MCP
Current share price for MCP : $0.135 -0.025 (-15.63%)+
Announcement
Release
13 Aug 2026 11:46AM
Price at Release
$0.160
Full Release
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Summary
McPherson's Limited announced that the Federal Court of Australia ruled in favor of the Australian Securities & Investments Commission in proceedings related to events that took place in 2020. Despite the unfavorable ruling, McPherson's has made considerable improvements in its governance and management since then. The company anticipates recognizing a $2 million provision in its FY26 financial statements for potential penalties, although the final amount will be determined by the court and may differ. McPherson's remains committed to maintaining strong governance practices.
Key Points
  • Federal Court of Australia ruled in favor of ASIC against McPherson's Limited.
  • The proceedings relate to events that occurred in 2020.
  • McPherson’s has undergone substantial renewal at both Board and management levels since 2020.
  • The company is considering an appeal and a further hearing will determine any penalties.
  • McPherson’s expects to recognize a provision of $2 million in its FY26 financial statements.
  • The expected penalties could be materially higher or lower than the provision.
  • McPherson’s Limited is committed to strong governance and robust disclosure processes.
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.