Brief: RGC Resources Says Amendment Is Being Filed To Provide Additional Information Related To Evaluation Of Potential Material Impairment Disclosed On Feb 22

RGC Resources

25/03/2022 10:25

March 25 (Reuters) - RGC Resources Inc  RGCO.O :
    * RGC RESOURCES - AMENDMENT IS BEING FILED TO PROVIDE
ADDITIONAL
INFORMATION RELATED TO EVALUATION OF POTENTIAL MATERIAL
IMPAIRMENT DISCLOSED ON FEB 22
    * RGC RESOURCES -RGC MIDSTREAM BELIEVES IMPAIRMENT WILL
LIKELY BE
IN PRE-TAX RANGE OF $33.2 MILLION TO $46.5 MILLION, OR 50% TO
70%, OF TOTAL LLC INVESTMENT
    * RGC RESOURCES - ANY IMPAIRMENT CHARGE RESULTING FROM
EVALUATION
WILL BE INCLUDED IN FURTHER AMENDMENT, REFLECTED IN RESOURCES’
FISCAL Q2 RESULTS

Source: [ID: https://bit.ly/3tBzdiE]
Further company coverage:  RGCO.O 

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