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NORCOM INFORMATION TECHNOLOGY (FRA:DE000A12) NorCom Information Technology GmbH & Co. KGaA: Final judgment of the Regional Court Munich I: Negotiation of the reversal of a project

Directive transparence : information réglementée

12/08/2019 17:54

DGAP-Ad-hoc: NorCom Information Technology GmbH & Co. KGaA / Key word(s): Legal Matter
NorCom Information Technology GmbH & Co. KGaA: Final judgment of the Regional Court Munich I: Negotiation of the reversal of a project

12-Aug-2019 / 17:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Since 2010 NorCom Information Technology GmbH & Co. KGaA (ISIN: DE000A12UP37) has been a service provider of the DLZ-IT of the Federal Ministry of Transport, Building and Urban Development (BMVBS). Due to differences in the project managed by NorCom, the BMVBS stopped cooperation at the beginning of 2013 (see ad hoc release dated 20.09.2013) and sued NorCom for the payment of EUR 3.4 million. NorCom then filed a counterclaim and made a claim in the amount of EUR 1.4 million to the BMVBS.
NorCom has today received a ruling from the Munich district court on this case: The action brought by the BMVBS is dismissed and NorCom's counterclaim granted.

 
NorCom had formed a provision of EUR 1.8 million for a possible warranty obligation.

 
If the other party appeals, NorCom will make a new provision after considering the pleadings.

 


Contact:
NorCom Information Technology GmbH & Co. KGaA
Julia Keck
IR
Gabelsbergerstraße 4
80333 München
Phone: 089-93948-0
E-Mail: aktie@norcom.de

12-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: NorCom Information Technology GmbH & Co. KGaA
Gabelsbergerstraße 4
80333 München
Germany
Phone: +49 (0)89 93948-0
Fax: +49 (0)89 93948-111
E-mail: aktie@norcom.de
Internet: www.norcom.de
ISIN: DE000A12UP37
WKN: A12UP3
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 856105

 
End of Announcement DGAP News Service

856105  12-Aug-2019 CET/CEST

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