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Clime Capital Settles Class Action

Clime Capital has settled a Federal Court class action in principle for an agreed sum of $8.3 million. Consequently, investors that purchased UGL shares within the claim period have suffered compensable loss, Clime and IMF said. If the settlement becomes unconditional, IMF expects to gain about $8.3 million, which includes the reimbursement of project costs. Clime recently made an off-market …