If the class action proceeds, it could be structured in a number of ways.
First, the class (that is, the group members) could be limited to only those people who have signed a Funding Agreement. This is known as a "closed" class.
Alternatively, the class action could proceed on an "open" basis in which all persons who acquired an interest in Brambles shares during the Relevant Period will be included, irrespective of whether they have signed a Funding Agreement or not.
A third option could see the class action commenced as a "closed class" but later be "opened" by order of the Court, so that shareholders with claims who did not sign a Funding Agreement are permitted to join the class.
Although the decision is yet to be made, IMF expects the proposed class action will proceed on an "open" basis.
IMF is accordingly asking all current and former Brambles shareholders who acquired an interest in shares in Brambles in the Relevant Period to sign a Funding Agreement. If insufficient people sign a Funding Agreement, IMF may decide not to proceed with funding the proposed class action. You can contact the Client Liaison Team on 1800 016 464 or email [email protected] to find out more.