Sign up Australia
Proactive Investors - Run By Investors For Investors

iCollege tops the ASX Leading % Fallers in morning trade

iCollege has said that it disputes the legal claims against it in full
Top 10 ASX % Fallers in morning trade

iCollege Ltd (ASX:ICT) shares have tumbled 53% this morning to A$0.007, after the company revealed legal proceedings have been commenced against it and the Management Institute of Australia Group of Companies in the Supreme Court of New South Wales.

The plaintiff, Walker Enterprises is alleging a breach by iCollege Ltd and MIA of the share sale agreement between those parties dated 16 March 2015.

Walker is alleging an entitlement to payment of up to $9mln plus interest, which it alleges to be owed to it pursuant to the agreement.

Walker is the former director and shareholder of MIA.

iCollege disputes Walker’s claims in full and will be fully defending the proceedings.

Company Name Code Last Change Volume
iCollege Ltd ICT $0.007 -53.33 361,013
Admiralty Resources Ltd ADY $0.006 -33.33 668,696
Metals Australia Ltd MLS $0.003 -25.00 183,600
Australian Agricultural Projects Ltd AAP $0.025 -21.88 792,196
Etherstack PLC ESK $0.215 -20.37 20,000
Eve Investments Ltd EVE $0.004 -20.00 56,116
Memphasys Ltd MEM $0.004 -20.00 533,000
Alage Tec Ltd AEB $0.041 -19.61 80,000
Dawine Ltd DW8 $0.010 -16.67 739,442
Traditional Therapy Clinics Ltd TTC $0.300 -16.67 73,333


View full . profile View Profile

Proactive Investors Australia Timeline

Related Articles

picture of Hunger Games cast
November 27 2017
Some of the most famous films ever made have been backed by FFI since it was founded in 1950
November 16 2017
Next Fifteen Communications expects another strong performance in the second half
Media junkie
February 14 2018
In modern parlance, Ebiquity is making a pivot towards becoming the "world's leading tech-enabled marketing and media analytics consultancy"

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use