Reference is made to the stock exchange notice made by NRC Group ASA on 14
September 2020, where the Finnish Transportation Infrastructure Agency (FTIA)
appointed NRC Group Finland, a company wholly owned by NRC Group ASA, to an
overall contract for railway maintenance.
NRC Group ASA has today been informed by the Market Court that it has annulled
the previous decision of the FTIA due to procedural error in the tender process,
and that FTIA should re-announce the contract again to the market. FTIA has 30
days to appeal the decision to the Supreme Administrative Court, or to accept
the decision and re-announce the contract. Until a final decision is made, NRC
Group Finland will continue with the railway maintenance.
The contract is valued at approximately EUR 25 million, with an estimated yearly
production of EUR 5 million in the period 2021 to 2025. The decision is
estimated to have limited financial effect in 2021.
For further information, please contact: Henning Olsen, CEO of NRC Group, + 47
91 74 15 92.
The stock exchange notice was published by Cecilie Blaauw Cock, Marketing &
Communication, NRC Group ASA.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.