Norcon PLC Release of tax deposits (8821I)
05 Junio 2014 - 1:01AM
UK Regulatory
TIDMNCON
RNS Number : 8821I
Norcon PLC
05 June 2014
NORCON PLC
("Norcon" or the "Company")
Release of Tax Deposits
Norcon (AIM: NCON), the global communications network
specialist, is pleased to announce that deposits to the value of
USD 5.9 million (out of a total of USD 6.2 million) held against
guarantees towards the Department of Zakat and Income Tax ("DZIT"),
the Saudi Arabian tax authority, as described in the Company's
annual report and accounts for the year ended 31 December 2013,
have now been released.
Furthermore, as disclosed in the Company's annual report and
accounts for the year ended 31 December 2013, the tax examination
in relation to Norcon's Saudi Arabian branch, relating to the years
2006 - 2012, resulted in an additional tax liability for the amount
of approximately USD 0.5 million (SAR 2 million), for which an
objection has been filed towards DZIT.
For further information, please contact:
Norcon plc
Trond Tostrup, Executive Chairman +47 901 69369
Arne Dag Aanensen, CFO +357 9901 5433
finnCap
Stuart Andrews/Charlotte Stranner (Corporate
Finance) +44 (0) 20 7220 0500
Stephen Norcross (Corporate Broking)
ABOUT NORCON:
Established in 1957, Norcon (LSE/AIM: NCON) has been a trusted
consultant and project manager for more than half a century to
governments and some of the world's largest global firms. These
organisations rely on Norcon to select, implement and maintain a
communication infrastructure that not only matches, but also
supports the critical needs of their operations. Norcon's strength
lies in its understanding of complex communication networks and
their design. www.norconplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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