ADF Foods Limited (ADFFOODS) — Announcement

📢 Key Event
Favorable US court order in Ascot Valley Foods litigation

🔄 What Changed

Court granted ADF Foods (USA) Ltd. US$2.3M disgorgement while limiting its liability to US$100,706

🔮 What's Next

ADF Foods (USA) Ltd. to file proposed judgment and permanent injunction within 14 days

💡 Investor Takeaway
The legal win removes overhang for ADF Foods' US subsidiary with no immediate financial statement impact.

ADF Foods announced a favorable US court ruling in its litigation against Ascot Valley Foods, securing US$2.3 million in disgorgement damages while limiting its own liability to US$100,706. The order, issued by the Southern District of New York, grants ADF Foods (USA) Ltd. recovery of profits from misappropriated trade secrets and mandates proposed judgment and injunction steps. The company will assess financial impact post-legal evaluation, with no immediate P&L effect. This resolves a key legal overhang for the subsidiary.

📄 View Original Announcement (PDF)

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