September 29, 2016 / 5:56 AM / 10 months ago

BRIEF-IMF Bentham updates on Kagara matter

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Sept 29 (Reuters) - IMF Bentham Ltd

* Refers to announcement in Kagara matter of 15 Aug regarding IMF's proposal to fund claims of certain current and former shareholders of Kagara

* Confirms that condition precedent to its funding of the matter has been satisfied

* Also confirms that legal proceedings for class action have been commenced in federal court in Sydney

* Will now be funding piper Alderman lawyers to pursue claims for compensation against certain former directors of Kagara Source text for Eikon: Further company coverage:

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