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Noumi Limited ( (AU:NOU) ) has shared an update.
Noumi Limited has announced that its insurers will cover the $11.56 million contribution to a class action settlement, part of a larger $43 million settlement. The settlement is related to legacy matters involving former executives and is pending approval from the Victorian Supreme Court. Noumi will report approximately $4 million in legal and professional costs in its FY25 financial results, and will update the market on the settlement approval outcome in due course.
More about Noumi Limited
Noumi Limited, listed on the ASX under the ticker NOU, is a prominent Australian FMCG company focused on producing high-quality dairy and plant-based beverages, nutritional products, and ingredients for the health and fitness sectors. The company operates advanced manufacturing facilities in Victoria and NSW and offers well-known brands like MILKLAB, Australia’s Own, So Natural, Crankt, Vital Strength, and PUREnFERRIN lactoferrin.
YTD Price Performance: -5.56%
Average Trading Volume: 62,611
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$47.11M
Learn more about NOU stock on TipRanks’ Stock Analysis page.