The Sign Up Process

Shareholders who acquired Brambles shares in the period from 18 August 2016 to 17 February 2017 (inclusive), are invited to sign-up their claim with Omni Bridgeway. 

Generally, the claim details and Funding Agreement should be completed by the registered holder of the Brambles shares. Omni Bridgeway will, however, accept a Funding Agreement completed and signed by the beneficial owner of the shares if the custodian or nominee company that is the registered owner of those shares is unwilling or unable to complete and sign the Funding Agreement. 

To sign-up online it's a good idea to have your transaction records on hand as you will be asked to provide details of the claimant's purchases, sales (and any other transactions) of Brambles shares in the period from 18 August 2016 to 17 February 2017 (inclusive). You will also be asked to provide the name of the person or entity that purchased the shares, and how many shares they held as at close of trade on 17 August 2016 (opening balance). 

The class action is being run on a no win - no fee basis, with all costs fully underwritten by Omni Bridgeway. If you sign a funding agreement with Omni Bridgeway, you will not have to pay any fees unless the claims are successfully resolved. Omni Bridgeway will pay the other side's costs if the class action is unsuccessful.

Slater and Gordon are the lawyers conducting the proceedings in the proposed Brambles class action. 

Both Omni Bridgeway's Brambles Shareholder Class Action Funding Agreement and Slater and Gordon’s Legal Costs Agreement are subject to a 21-day cooling off period in which time you may terminate either agreement by following the notice requirements set out in each agreement. You may use this cooling off period to obtain legal advice about the agreements you have entered into if you wish to do so. 

The Omni Bridgeway portal is a client portal where you can log in and see details of the Omni Bridgeway funded claims you have signed-up to participate in. You can update your contact details and access information that is related to your claims. 

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, Omni Bridgeway expects the proposed class action will proceed on an "open" basis. 

Omni Bridgeway 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, Omni Bridgeway 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. 

You can email the Omni Bridgeway Client Liaison Team on [email protected] and request more information or free call 1800 016 464.