Brief: PARP launches administrative proceedings against Skotan on return of funds

Onesano SA

31/05/2016 09:08

May 31 (Reuters) - Skotan SA  SKTP.WA : 
    * Said on Monday that it received a notice that Polska 
Agencja Rozwoju Przedsiebiorczosci (PARP, Polish Agency for 
Enterprise Development) launched administrative proceedings on 
the return of funds under the company's hydrogen project 
financing  
    * PARP challenged the part of the costs qualified by the 
company as project costs eligible for support 
    * According to PARP, the company has to return 2.1 million 
zlotys ($533,500) plus contractual interest of 484,621 zlotys  
    * The procedure stops the verification of the request for 
the final payment under the project submitted by the company 
until the funds are reimbursed or the administrative proceedings 
end 
 
     
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3040933 
     
 Further company coverage:  SKTP.WA   
   
($1 = 3.9363 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))