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SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Regulatory Filings 2020
Jun 8, 2020
65884_rns_2020-06-08_c08f2063-90fc-40be-a28f-9e4493a1e196.pdf
Regulatory Filings
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ASX / MEDIA ANNOUNCEMENT 8 June 2020
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ADJUDICATION UPDATE
Decmil Group Limited (ASX: DCG) (“Decmil” or “Company”) provides the following update with respect to the ongoing contract dispute with Southern Cross Electrical Engineering Limited (SCEE).
The original arbitration commenced by Decmil is still ongoing. The SCEE matter was subject to Adjudication under the Building Industry Fairness Act and the Adjudicator’s decision was handed down on 5 June 2020.
The Adjudicator found Decmil is required to pay to SCEE $152,657.56 excluding GST and interest. The amount claimed by SCEE was $11,062,280.72 excluding GST.
About Decmil
Decmil Group Limited (DGL) offers a diversified range of services to the Australian resources and infrastructure industries. Companies within the group specialise in engineering and construction; accommodation services; and maintenance. Listed on the Australian Securities Exchange (ASX Code: DCG), Decmil’s goal is to maximise returns from our operations to deliver value to our shareholders, clients and other stakeholders.
For further information please contact:
Investors: Media: Mr Dickie Dique, CEO, Decmil Mr Stuart Carson Ph 08 9368 8877 FTI Consulting, Strategic Communications Ph 0403 527 755
Mr Peter Thomas, CFO, Decmil Ph 08 9368 8877
Decmil Group Limited 20 Parkland Road Osborne Park, Western Australia 6017 T: +61 8 9368 8877 F: +61 8 9368 8878
ASX: DCG ABN 35 111 210 390
decmil.com