FLSmidth penalty on former subsidiary upheld
June 19, 2014 - London
Company Announcement to the Danish Financial Supervisory Authority No. 13-2014, 19 June 2014
The European Court of Justice has today ruled that the liability obligation imposed on FLS Plast A/S in March 2012 is upheld at EUR 14.45m (see Company Announcement No. 13-2012, 6 March 2012).
The liability obligation covers the same amount as the one imposed on FLSmidth & Co. A/S on 30 April 2014 (see Company Announcement No. 08-2014). As the amount has already been paid by FLSmidth & Co. A/S, FLSmidth hereby considers the case closed.
The Group's guidance for 2014 will not be affected by the penalty.
Please address any questions regarding this announcement to Head of Investor Relations Pernille Friis Andersen, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Pernille Friis Andersen
Corporate Communications & Investor Relations
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FLSmidth via Globenewswire