Borgestad, 27 December 2023: Höganäs Borgestad, a subsidiary of Borgestad AS (the “Company”), has today repaid its tax debt to Swedish tax authorities of SEK 75.4 million, with the addition of outstanding interest, through a voluntary early repayment.
The tax debt was originally payable in instalments in 2024, 2025 and 2026, and the early repayment is prompted by improved liquidity in the group following receipt of payment in accordance with the result of the arbitration case in Vienna, as announced in the Company’s stock exchange notification on 19 December 2023, and an improved working capital situation in Höganäs Borgestad.
This information is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.