Brief: Pharol Clarifies 13.1 Mln Euros Were Paid By Oi

Pharol SGPS SA

02/10/2024 12:59

Oct 2 (Reuters) - Pharol SGPS SA  PHRA.LS :
    * REGARDING NEWS IN PRESS, CLARIFIES THAT 13.1 MILLION EUROS
RELATED TO CASE WERE PREVIOUSLY PAID BY OI, WHICH HELD
RESPONSIBILITY FOR IT
    * THIS AMOUNT WAS SUBSEQUENTLY REDUCED IN 2022, AS
COMMUNICATED TO
MARKET ON JAN 25, 2022
    * WITH OI'S AGREEMENT, APPEALED NON-ACCEPTANCE OF CORRECTED
AMOUNT
IN 2022
    * DECISION OF NON-ACCEPTANCE BY GCEU, WHICH HAS NOW BEEN
ISSUED,
RELATES TO THIS APPEAL
    * FINANCIAL IMPACT OF THIS DECISION ON PHAROL IS NIL
    * WILL ASSESS NEED TO ADOPT NEW PROCEDURES

Source text: https://tinyurl.com/yb9wyhbv
Further company coverage:  PHRA.LS 

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