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Structural Monitoring Systems Plc (ASX:SMN)

ALERT: Price-sensitive ASX Announcement for SMN
Current share price for SMN : $0.400 0.005 (1.27%)+
Announcement
Release
13 Mar 2026 2:08PM
Price at Release
$0.395
Full Release
download
Summary
Structural Monitoring Systems Plc announced a resolution to the court proceedings initiated by Mr. Ross Love and Turton House Group Pty Ltd in the Federal Court of Australia. The parties involved have reached a Deed of Settlement and Release, which resolves all matters related to the proceedings without any admission of liability from either party. The Notice of Discontinuance has been filed with the Federal Court, and the court has approved the discontinuation of the proceedings. The company expressed satisfaction in resolving this matter, allowing it to focus on its strategic and operational priorities.
Key Points
  • Resolution of court proceedings involving Mr. Ross Love and Turton House Group Pty Ltd
  • Deed of Settlement and Release agreed upon
  • No admission of liability by any party
  • Notice of Discontinuance filed and approved by the court
  • Focus on strategic and operational priorities post-resolution
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.