June 14 (Reuters) - Home Capital Group Inc HCG.TO :
* Home Capital announces agreements to settle OSC and class action matters
* Home Capital Group Inc - has reached two agreements which together comprise a global settlement with Ontario securities commission
* Home Capital Group- under proposed settlement with commission, co will make a payment of $10 million and reimburse commission costs in amount of $500,000
* Home Capital Group Inc - Home Capital expects to fund substantially all of costs of such settlements through available liability insurance
* Home Capital Group Inc says will make a payment of $29.5 million to be distributed (net of costs and other expenses) to class as defined in class action
* Home Capital Group Inc says payment of $29.5 million includes $11 million of payments being made in commission settlement
* Home Capital Group- there will be no deduction for legal fees of counsel for class plaintiff in respect of $11 million being paid in commission settlement Source text for Eikon: ID:nCNWBxSRfa Further company coverage: HCG.TO