Disclosure of inside information by Wolftank Group AG pursuant to Art. 17 (1) of the Market Abuse Regulation
Wolftank Group AG informs that its 100% subsidiary Wolftank DGM Srl has been ordered by the Italian civil court Tribunale Ordinario di Bologna in the first instance to pay damages of approximately EUR 4.5 million to a customer. The case relates to a project from 2020 in which Wolftank DGM Srl acted as subcontractor of this customer and in connection with which environmental damage occurred.
Approximately three quarters of the amount awarded in first instance relates to damages for alleged loss of profits on part of the customer. Wolftank DGM Srl considers this amount to be disproportionate to the incident. Insurance covers around a quarter of the damages awarded, and the company is reviewing its options with its insurer for the remainder.
The decision of the Tribunale Ordinario di Bologna is subject to appeal. Wolftank DGM will take action against the ruling.
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About Wolftank Group
Wolftank Group is a leading global provider of environmental remediation and refueling solutions for renewable energies. Its range of environmental services includes due diligence for environmental risks, customized services for soil and groundwater remediation and recycling. In the area of energy mobility and logistics, the Group supports customers in more than 20 countries to implement projects in an efficient and environmentally friendly way. For this, it develops and implements tomorrow’s technologies to decarbonize transport and build the infrastructure for zero-emission mobility – for example by supplying modular hydrogen and LNG refueling systems on a turnkey basis. The Group’s subsidiaries in eight countries on three continents are managed by Wolftank Group AG, based in Innsbruck, Austria. Wolftank Group AG shares (WKN: A2PBHR; ISIN: AT0000A25NJ6) are listed in the direct market plus segment of the Vienna Stock Exchange and in the m:access of the Munich Stock Exchange and are traded on Xetra, the Frankfurt Stock Exchange and the Berlin Stock Exchange. Further information: http://www.wolftankgroup.com