Brief: Nel Receives Reduced Notice Of Fine Related To Kjørbo Incident

Nel ASA

20/12/2023 14:39

Dec 20 (Reuters) - Nel ASA  NEL.OL :
    * RECEIVED SIGNIFICANTLY REDUCED NOTICE OF FINE RELATED TO KJØRBO INCIDENT
    * FOLLOWING INCIDENT, A SUBSIDIARITY OF NEL ASA (NEL, OSE:NEL), AND AN ENTITY FORMERLY
PARTLY
OWNED BY NEL, RECEIVED NOTICES OF FINES OF NOK 15 MILLION AND NOK 10 MILLION, RESPECTIVELY
    * TOTAL POTENTIAL DIRECT IMPACT ON NEL WAS NOK 20 MILLION, FOR WHICH COMPANY HAS MADE
PROVISIONS
    * REVISED NOTICES OF FINES NOW RECEIVED ARE SIGNIFICANTLY REDUCED TO NOK 1 MILLION AND NOK
500,000
FOR SUBSIDIARY OF NEL AND ENTITY FORMERLY PARTLY OWNED BY NEL, RESPECTIVELY, TOTALING A
LIABILITY FOR NEL OF ABOUT NOK 1.2 MILLION
    * CONSEQUENTLY, Q4 2023 WILL SEE A POSITIVE ONE-OFF P&L REVERSAL OF ABOUT NOK 18.8 MILLION
RELATED
TO THIS

Source text for Eikon:  ID:nObiDNMrGa 
Further company coverage:  NEL.OL 

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