Brief: Seatrium Limited Announces In-Principle Settlement Agreements With Brazilian Authorities

Seatrium

26/02/2024 01:28

Feb 26 (Reuters) - Seatrium Limited  SEAT.SI :
    * IN-PRINCIPLE SETTLEMENT AGREEMENTS WITH BRAZILIAN
AUTHORITIES
    * HAS REACHED IN-PRINCIPLE SETTLEMENT AGREEMENTS WITH
AUTHORITIES
IN BRAZIL
    * UNDER TERMS, AGREED TO A SETTLEMENT PAYMENT TOTALLING
S$182.4
MILLION
    * MADE PROVISIONS OF S$182.4 MILLION AND S$82.4 MILLION FOR
AGREED
BRAZILIAN SETTLEMENT AND KCL INDEMNITY IN FY23
    * PROVISIONS WILL HAVE NO IMPACT ON NET EARNINGS OF GROUP
FOR FY
2024
    * DOES NOT EXPECT THERE TO BE ANY FURTHER GROUNDS FOR
LIABILITY TO
BRAZILIAN AUTHORITIES FOR LENIENCY AGREEMENTS

Source text for Eikon:  ID:nSN25x1Jp 
Further company coverage:  SEAT.SI 

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