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Structural Monitoring Systems Plc (ASX:SMN)
ALERT: Price-sensitive ASX Announcement for SMN
Current share price for SMN : $0.370 -0.045 (-10.84%)+
Announcement
Release
16 Oct 2025 12:54PM
Price at Release
$0.415
Full Release
Summary
Structural Monitoring Systems Plc (SMS) has initiated court proceedings in the Federal Court of Australia, involving its CEO and Executive Chair, Ross Love, and Turton House Group Pty Ltd against the company and certain subsidiaries. The applicants are seeking injunctive relief to prevent the termination of their engagement with SMS, as well as compensation and penalties. They allege adverse actions under the Fair Work Act 2009 and victimisation under the Corporations Act 2001. SMS, having already conducted an independent workplace investigation, denies these allegations and intends to defend vigorously. The case will be scheduled for interlocutory and final hearings, and SMS will update the market as per its continuous disclosure obligations.
Key Points
- Court proceedings commenced by CEO Ross Love and Turton House Group Pty Ltd.
- Proceedings include allegations of adverse action and victimisation.
- SMS denies allegations and will defend the case.
- Independent third-party investigation conducted prior to proceedings.
- Company restricted from publishing investigation report findings.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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