Matas A/S Announces Danish National Tax Tribunal's Decision in Tax Case
Matas A/S announced that the Company has received the decision by the Danish National Tax Tribunal in the case regarding the tax deductibility of certain transaction costs as discussed in the prospectus dated June 13, 2013. The Danish National Tax Tribunal upholds the decision by the Danish tax authorities which means that the deductibility of certain transaction costs has not been accepted. The Danish tax authorities have in total increased the taxable income by DKK 126.5 million for the income years 2006 to 2009. As a consequence of this adjustment, the Danish tax authorities have also denied the deductibility of certain interest payments for 2008 and 2009 at a level of DKK 18.5 million. A decision whether to appeal the decision by the Danish National Tax Tribunal will be made together with the Company’s tax advisor.
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