Brief: Academedia says in review of subsidiary Hermods, identified deficiency with regard to contractual proportion of certified teachers

AcadeMedia AB

21/03/2018 22:41

March 21 (Reuters) - Academedia Ab  ACADE.ST :
    * PENALTY FEE POSSIBLE DUE TO FAULTY REPORTING OF
CONTRACTUAL
OBLIGATION REGARDING CERTIFIED TEACHERS
    * ACADEMEDIA - CO IN REVIEW OF SUBSIDIARY HERMODS IDENTIFIED
THAT
HERMODS HAD DEFICIENCY WITH REGARD TO CONTRACTUAL PROPORTION OF
CERTIFIED TEACHERS​
    * ‍BREACH COULD RESULT IN A MATERIAL PENALTY FEE​
    * ACADEMEDIA- ‍POTENTIAL PENALTY FEE COULD BE MATERIAL BUT
HAS NOT
YET BEEN DETERMINED, PENALTY FEE CURRENTLY BEING REVIEWED BY
EXPERTS AT PWC​

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