EQS-News: Uniper SE
/ Key word(s): Legal Matter
Uniper SE: Information on Arbitration Award
26.11.2023 / 22:09 CET/CEST
The issuer is solely responsible for the content of this announcement.
Publication of an inside information pursuant to Article 17 of Regulation (EU) No. 596/2014
Uniper SE: Information on Arbitration Award
Düsseldorf, 26 November 2023. Uniper SE (“Uniper”) has been notified on Friday evening, 24 November 2023, of an award against a subsidiary in arbitration proceedings under the rules of the International Chamber of Commerce which began in early 2021. The proceedings between the Uniper subsidiary and a European energy company relate, inter alia, to the pricing provisions of a long-term agreement for the supply of liquified natural gas (LNG), concluded prior to the spin-off of Uniper in 2016 and which has since expired. A payment to the opposing party of an estimated EUR 550 million related to the retroactive re-pricing of the long-term agreement would be due under the terms of the award. The additional payment will have a full impact on the annual result of Uniper. Uniper is currently analyzing the reasoning of the decision and reviewing all possible avenues of legal recourse against the award.
Contact:
Person making the notification:
Marc Merrill
General Counsel and Chief Compliance Officer
Legal & Compliance
Uniper SE
Holzstraße 6
40221 Düsseldorf
Contact for investors and analysts:
Sebastian Veit
Senior Vice President
Investor Relations
Uniper SE
Holzstraße 6
40221 Düsseldorf
Phone +49 151 55049337
Email ir@uniper.energy
Media contact:
Georg Oppermann
Senior Vice President
External Communication & Sustainability Communication
Uniper SE
Holzstraße 6
40221 Düsseldorf
Phone +49 178 4394847
Email press@uniper.energy
26.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
|
Language: |
English |
Company: |
Uniper SE |
|
Holzstraße 6 |
|
40221 Dusseldorf |
|
Germany |
Phone: |
+49 211 73275 0 |
Fax: |
+49 211 4579 2022 |
E-mail: |
info@uniper.energy |
Internet: |
www.uniper.energy |
ISIN: |
DE000UNSE018, DE000UNSE1N3 |
WKN: |
UNSE01, UNSE1V |
Listed: |
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: |
1781909 |
|
End of News |
EQS News Service |
1781909 26.11.2023 CET/CEST
EQS-News: Uniper SE
/ Key word(s): Legal Matter
Uniper SE: Information on Arbitration Award
26.11.2023 / 22:09 CET/CEST
The issuer is solely responsible for the content of this announcement.
Publication of an inside information pursuant to Article 17 of Regulation (EU) No. 596/2014
Uniper SE: Information on Arbitration Award
Düsseldorf, 26 November 2023. Uniper SE (“Uniper”) has been notified on Friday evening, 24 November 2023, of an award against a subsidiary in arbitration proceedings under the rules of the International Chamber of Commerce which began in early 2021. The proceedings between the Uniper subsidiary and a European energy company relate, inter alia, to the pricing provisions of a long-term agreement for the supply of liquified natural gas (LNG), concluded prior to the spin-off of Uniper in 2016 and which has since expired. A payment to the opposing party of an estimated EUR 550 million related to the retroactive re-pricing of the long-term agreement would be due under the terms of the award. The additional payment will have a full impact on the annual result of Uniper. Uniper is currently analyzing the reasoning of the decision and reviewing all possible avenues of legal recourse against the award.
Contact:
Person making the notification:
Marc Merrill
General Counsel and Chief Compliance Officer
Legal & Compliance
Uniper SE
Holzstraße 6
40221 Düsseldorf
Contact for investors and analysts:
Sebastian Veit
Senior Vice President
Investor Relations
Uniper SE
Holzstraße 6
40221 Düsseldorf
Phone +49 151 55049337
Email ir@uniper.energy
Media contact:
Georg Oppermann
Senior Vice President
External Communication & Sustainability Communication
Uniper SE
Holzstraße 6
40221 Düsseldorf
Phone +49 178 4394847
Email press@uniper.energy
26.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
|
Language: |
English |
Company: |
Uniper SE |
| Holzstraße 6 |
| 40221 Dusseldorf |
| Germany |
Phone: |
+49 211 73275 0 |
Fax: |
+49 211 4579 2022 |
E-mail: |
info@uniper.energy |
Internet: |
www.uniper.energy |
ISIN: |
DE000UNSE018, DE000UNSE1N3 |
WKN: |
UNSE01, UNSE1V |
Listed: |
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: |
1781909 |
|
End of News |
EQS News Service |
1781909 26.11.2023 CET/CEST
|