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Phoslock Environmental Technologies Limited (ASX:PET)
ALERT: Price-sensitive ASX Announcement for PET
Current share price for PET : $0.006 -0.002 (-25%)+
Announcement
Release
12 Jun 2026 10:17AM
Price at Release
$0.008
Full Release
Summary
Phoslock Environmental Technologies Limited (PET) announced that the mediation related to its class action proceedings has concluded without a resolution. This outcome ends the current settlement discussions, and the legal proceedings will now continue as directed by the court. Phoslock Environmental Technologies Limited specializes in water treatment solutions, particularly with its product Phoslock®, which is designed to bind excess phosphorus and prevent cyanobacteria formation in bodies of water. The company operates globally with headquarters in Sydney, Australia, and has facilities and offices in China, Europe, and the USA.
Key Points
- Mediation for class action terminated without resolution.
- Proceedings will continue under court directions.
- Phoslock Environmental Technologies Limited is involved in water treatment.
- Phoslock® product prevents cyanobacteria by binding phosphorus.
- Company operates globally with significant presence in Australia, China, Europe, and the USA.
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.
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