Imtech: Allegations possible wrongdoing in 2008-2010 immediately investigated
(Thomson Reuters ONE) -
· Allegations concern possible wrongdoing in period 2008-2010
· As soon as whistleblower letter was received, Imtech immediately started
investigation
· Risk related to investigations is adequately reported in Rights Issue
Prospectus
· Imtech unable to provide details on investigation given legal restrictions
As indicated in the press release on Investigations past issues on November
4th 2014 Imtech receives whistle blower notifications from time to time. The
whistle blower notification on project Eemshaven was received end of august
2014. As is customary an immediate investigation was started by Imtech's GRC
department with external assistance. So far the investigation has not confirmed
competition law violations. However the investigation is ongoing.
In line with market practice it is Imtech's policy to not prematurely publish
such investigations. Doing so could harm the investigation itself and third
parties in particular if allegations prove false which is not uncustomary for
whistleblower notifications. The risks associated with such investigations are
disclosed in the prospectus on the rights issue. The prospectus sets out how the
whistle blower procedure works, and that whistleblower notifications have been
received and are under investigation and that there are sector related risks to
competition law violation. At the time the prospectus was published, the
findings in the investigation were insufficiently concrete to warrant more
detailed disclosure. Imtech will update the market on the outcome if the
internal investigations, as soon as these are finalized in line with regulatory
requirements.
Unfortunately, issues or allegations from the past might continue to come up.
That is a reality that Imtech has to deal with. It is the firm commitment of
Imtech's new management to properly deal with these legacy issues.
More information
Media: Analysts & investors:
Dorien Wietsma Jeroen Leenaers
Director Corporate Communication & CSR Director Investor Relations
T: +31 182 54 35 53 T: +31 182 543 504
E: dorien.wietsma(at)imtech.com E: jeroen.leenaers(at)imtech.com
www.imtech.com www.imtech.com
Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of
electrical solutions, automation and mechanical solutions. With approximately
23,000 employees, Imtech holds attractive positions in the buildings and
industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria,
Eastern Europe, Sweden, Norway, Finland, the UK, Ireland and Spain, the European
market of Traffic as well as in the global marine market. Imtech offers
integrated and multidisciplinary total solutions that lead to better business
processes and more efficiency for customers and the customers they, in their
turn, serve. Imtech also offers solutions that contribute towards a sustainable
society - for example, in the areas of energy, the environment, water and
traffic. Imtech shares are listed on the Euronext Amsterdam.
PDF: Press Release:
http://hugin.info/130755/R/1869221/657174.pdf
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originality of the information contained therein.
Source: Imtech via GlobeNewswire
[HUG#1869221]
Unternehmensinformation / Kurzprofil:
Datum: 06.11.2014 - 09:20 Uhr
Sprache: Deutsch
News-ID 350221
Anzahl Zeichen: 4059
contact information:
Town:
Gouda
Kategorie:
Business News
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