Quintis Ltd & Frank Wilson


Summary

ATTENTION QUINTIS LIMITED SHAREHOLDERS

This is an important announcement for shareholders in Quintis Limited.
Two separate class actions have been commenced in the Federal Court of Australia seeking compensation for shareholders of Quintis Limited. The two class actions are the EXCEL TEXEL Class Action and the DAVIS Class Action.

Gadens have been instructed by Excel Texel Pty Ltd as trustee for the Mandex Family Trust and Mr Andrew John Wyma to conduct the EXCEL TEXEL Class Action. For a background of the Excel Texel action please see the below link.

The Court has ordered that an OPT OUT NOTICE be issued to group members (i.e. Quintis Limited shareholders) in both the EXCEL TEXEL Class Action and the DAVIS Class Action. The OPT OUT NOTICE contains important information about your legal rights, including your right to choose which of the Class Actions you wish to participate in (or to OPT OUT of both if you do not wish to participate in either Class Action).

There are two forms of OPT OUT NOTICE accessible below, they are:

 STANDARD OPT OUT NOTICE
 DUAL REGISTRANT OPT OUT NOTICE

If you have ALREADY REGISTERED YOUR INTEREST IN BOTH the EXCEL TEXEL Class Action and the DAVIS Class Action by contacting both Piper Alderman AND Gadens (or Bannister Law, a firm of solicitors previously involved in the Excel Texel Class Action) then the DUAL REGISTRANT OPT OUT NOTICE applies to you. You should read the notice carefully as you must take action to choose which Class Action (if any) you wish to participate in on or before the deadline on 6 AUGUST 2019.

For ALL OTHER group members (i.e. Quintis Limited shareholders) you should read the STANDARD OPT OUT NOTICE carefully and take appropriate action on or before the deadline on 6 AUGUST 2019.

If you have any questions about the OPT OUT NOTICES or the information contained in them, you should contact the independent barrister appointed by the Court, Mr Caspar Conde, on +61 (02) 9151 2058 or by email to conde@newchambers.com.au.
For copies of our court documents please see below links.

Basis

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Resources

Quintis Ltd - OPT OUT AND REGISTRATION NOTICE

Quintis Ltd - DUAL REGISTRANT OPT OUT NOTICE

Background to the Excel Texel Action

Originating Application - 9 November 2017

Further Amended Statement of Claim

Defence filed by Wilson - 11 October 2018

Quintis - Amended Defence - 14 March 2019

Orders of Justice Jagot - 10 December 2018

Key Contacts


Simon Theodore


Email: Quintis@gadens.com