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Brief: Borgestad: Appeal Over Court Ruling Regarding Sale-Leaseback Transaction

Jan 15 (Reuters) - Borgestad ASA BOR.OL:

APPEAL OVER COURT RULING REGARDING SALE-LEASEBACK TRANSACTION FOR PRODUCTION FACILITIES IN SWEDEN

HAS BEEN NOTIFIED THAT AN APPEAL OVER DECISION OF ADMINISTRATIVE COURT OF APPEAL HAS BEEN RECEIVED PRIOR TO EXPIRATION OF APPEAL PERIOD

NO GROUNDS HAVE YET BEEN PROVIDED FOR APPEAL, AND APPELLANT HAS REQUESTED A TWO-WEEK EXTENSION OF DEADLINE TO PROVIDE SUCH GROUNDS

APPEAL WILL BE PROCESSED BY SUPREME ADMINISTRATIVE COURT (HÖGSTA FÖRVALTNINGSDOMSTOLEN), WHICH WILL DETERMINE WHETHER TO GRANT REQUESTED EXTENSION AND ULTIMATELY WHETHER TO GRANT LEAVE FOR APPEAL TO BE HEARD

Source text: ID:nObidzqF3a

Further company coverage: BOR.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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