Brief: K.R.Energy Board Proposes Liability Action For Some Contracts Signed In 2015 and 2016

Seri Industrial SpA

17/10/2018 09:57

Oct 17 (Reuters) - K.R.Energy SpA  KAIT.MI :
    * SAID ON TUESDAY THAT ITS BOARD OF DIRECTORS HAD RESOLVED
TO
PROPOSE TO SHAREHOLDERS A MOTION TO PROMOTE A LIABILITY ACTION
AGAINST SOME FORMER MEMBERS OF THE CORPORATE BODIES 
    * THE FACTS EXAMINED CONCERN SEVERAL CONTRACTS SIGNED DURING
THE
PERIOD OF JANUARY 2015 - AUGUST 3, 2016
    * BOARD EXAMINED THE INDIVIDUAL CONTRACTS AND DAMAGES
REFLECTED IN
THE COMPANY'S FINANCIAL STATEMENTS FOR FY 2016, WHICH REPORTED A
LOSS OF EUR 10.3 MLN
    * THE EVENTS EXAMINED WERE THE SUBJECT OF LEGAL ASSESSMENT
FOR
CONFLICT OF INTEREST

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA9qg4S5
    
 Further company coverage:  KAIT.MI  
   


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