Fight won't go to court

PGC and Bath Street Capital are not going to court over what is still owing in relation to the sale of Perpetual Trust.

PGC had been seeking damages of $22 million or more that it said was outstanding.

But Bath Street filed a counter-claim, seeking damages for delaying its stock exchange listing.

Now it has confirmed it has withdrawn its court action and is working on a settlement with PGC.

It is also working towards a float of Perpetual Trust owner Complectus.

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