Swedish city court judgement fulfilled by M3CS
21 Febrero 2024 - 8:45AM
UK Regulatory
Swedish city court judgement fulfilled by M3CS
Company announcement no. 4/2024
Reference is made to the judgement rendered by the Swedish city
court on 24 January 2024 in favour of Columbus in which the court
held that the company M3CS AB and its founders had acted unlawfully
and were liable to pay damages and costs to Columbus in the range
of SEK 43-45m. All parties’ subsequently appealed the
judgement.
On the date hereof, M3CS AB has fulfilled the judgement by
payment of SEK 44,801,607 to Columbus and M3CS AB has withdrawn the
appeal proceedings. It is expected that the founders of M3CS AB
also will withdraw their appeal as a consequence of M3CS AB’s
fulfilment of the judgement. Subject to the parties’ completion of
the formal procedure to cancel the appeal case in Sweden, which
will include a cancellation of the appeal by Columbus, the
judgement of the Swedish court will thus be final.
Ib
Kunøe Søren
Krogh Knudsen
Chairman of the
Board CEO
& President
For further information, please contact:
CEO & President, Søren Krogh Knudsen, +45 70 20 50 00 |
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Columbus A/s (LSE:0NPJ)
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