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NorCom Information Technology GmbH & Co. KGaA, DE000A12UP37

NorCom Information Technology GmbH & Co. KGaA, DE000A12UP37

12.08.2019 - 17:57:35

NorCom Information Technology GmbH & Co. KGaA: Final judgment of the Regional Court Munich I: Negotiation of the reversal of a project

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. Archive at www.dgap.de

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

@ dgap.de