#Class Action #Canada #Securities #Toronto #Turquoise Hill

Overview of the Proposed Settlement

The proposed class action settlement regarding Turquoise Hill Resources Ltd. (TRQ) has garnered significant attention from investors and legal entities alike. This settlement arises from allegations related to the company's securities, specifically concerning transactions conducted between July 31, 2018, and July 31, 2019. The involved parties include TRQ, Rio Tinto plc, Rio Tinto Limited, and several key individuals associated with the companies. The proposed settlement amount is reported at CAD $22,663,980, which is slated for approval by the Superior Court of Québec.

Key Dates and Facts

1. Class Period: The settlement pertains to individuals and entities that purchased securities tied to Turquoise Hill during a defined class period (from July 31, 2018, to July 31, 2019).
2. Excluded Persons: Those excluded from participating include the Respondents, their immediate family members, and affiliated entities with controlling interests.
3. Claims and Recovery Process: Important to note, individuals who submitted claims eligible in a related U.S. class action will not be able to recover in this Canadian settlement.

Settlement Terms

The settlement is structured to facilitate a fair distribution of compensation to affected class members. The proposed settlement amount covers legal fees, applicable taxes, and costs associated with settlement administration. Importantly, the Respondents involved do not admit to any wrongdoing, and the settlement aims to avoid the uncertainties associated with court trials.

Legal Implications

Investors who choose to remain in the class action without opt-out will be bound by the settlement terms, which may lead to a waiver of their right to pursue individual legal action against the Respondents. Furthermore, an allocation plan will determine the distribution of any awarded settlement funds among class members based on their respective compensation losses. Payments may only be initiated following court approval, which is scheduled for October 20, 2026.

If approved, net settlement funds, projected at approximately $13.67 to $13.81 million, will be disbursed to eligible claimants pro rata based on documented losses. This method ensures a fair and equitable compensation approach for all class members participating in the settlement.

Next Steps for Investors

Affected investors are encouraged to familiarize themselves with their options:

• - Stay in the Class Action: By doing nothing, investors will automatically remain within the class and could receive compensation if the settlement is approved.
• - Object or Comment: Class members may raise objections or submit comments regarding the settlement terms, with a deadline for submissions set at October 2, 2026.
• - Opt-Out: If individuals prefer not to participate in the class action or the settlement, they must submit an opt-out form by September 1, 2026. Opting out prohibits any form of participation in the class action proceedings.

Seeking Legal Guidance

Investors may reach out for further clarifications regarding their rights or the stipulations of the proposed settlement. For specific details on how to proceed and to engage in discussions regarding the settlement, class members can contact designated legal representatives or visit the settlement information website at www.TRQSettlement.com.

In conclusion, this proposed settlement represents a significant development for investors who acquired TRQ securities during the specified class period. With ongoing legal processes and firm timelines, stakeholders are advised to remain vigilant and proactive in understanding their legal rights and obligations linked to this notable settlement.