Dear Investor,

Agility Public Warehousing Company K.S.C.P. (“Agility”) received notice of a claim filed against it in the United States District Court for the Central District of California. The claim was filed under seal by a former employee, John Lee Miller, under the U.S. False Claims Act.

In his claim, Miller alleges that Agility violated the False Claim Act (FCA) employing a faulty accounting methodology to calculate indirect costs thus overcharging the U.S. Government under three historic government contracts for an aggregate amount of approximately KD 19 million. Relator’s counsel has informed Agility that Relator intends to drop from his complaint the KD 12 million overcharge allegation, thereby reducing his claims to approximately KD 7.5 million. The claims are unrelated to the Prime Vendor contract litigation, which was settled in its entirety in May 2017.

Agility believes that the service of process is invalid and that Miller’s claims are entirely frivolous. Furthermore, the United States Government has declined to intervene in Miller’s complaint.

Sincerely,

Investor Relations Department

Agility Public Warehousing Company

Latest Financial News

News

June 15, 2022

Confirmation of Corporate Action Dates

Dear Investor, Agility would like to confirm the corporate action dates as per the template. Agility’s General Assembly meeting has …

News

June 5, 2022

Agility’s New Board Structure

Based on the resolution of Agility’s General Assembly Meeting that was held on May 16, 2022, Agility’s new board structure …

News

June 1, 2022

Supplement Disclosure: Recommended Cash offer for John Menzies

The board of John Menzies PLC has announced that its shareholders have voted to support a recommended cash offer by …

News

May 31, 2022

Agility’s Adjourned Extra Ordinary General Assembly Meeting

Dear Investor, Agility Public Warehousing Company KSCP held its Extra Ordinary General Assembly Meeting on Monday May 30th2022 through electronic …