EVN AG / Key word(s): Miscellaneous 07.02.2014 11:21 Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Through its project company, WTE Projektgesellschaft Natriumhypochlorit mbH, headquartered in Germany, EVN AG built a sodium hypochlorite facility for the city of Moscow. The facility was completed in February 2013 and has been in an operational state since then. The city of Moscow is not prepared to maintain the approval for commencement of operations at the facility and to fulfil its outstanding payment obligations vis-Ã -vis the project company. The respective project company and EVN AG, however, are subject to payment obligations in connection with the financing of the project. EVN AG has therefore decided to invoke the federal guarantee for foreign direct investments issued by the Federal Republic of Germany in the context of the implementation of the project and to submit a notice for damages in that regard. A guarantee event covers losses of investments and income in connection with the construction and operation of the sodium hypochlorite facility in an amount of up to EUR 251m. The Federal Republic of Germany has indicated its intention to continue applying diplomatic and political pressure - as it has in the past - at the highest levels in an effort to prompt the government of the city of Moscow to comply with its obligations vis-Ã -vis the EVN group in connection with the sodium hypochlorite facility project as well as other projects to be carried out by the EVN group in Moscow, in particular the construction and operation of the waste incineration plant MPZ1, in order to avoid the occurrence of a damage event for purposes of the guarantee. Maria Enzersdorf, 7 February 2014 LEGAL NOTICE THIS AD-HOC ANNOUNCEMENT CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION TO BUY ANY SECURITIES OF EVN AG. THIS AD-HOC ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA AND MUST NOT BE DISTRIBUTED TO U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED ('SECURITIES ACT')) OR TO PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS AD-HOC ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 07.02.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: EVN AG EVN Platz 2344 Maria Enzersdorf Austria Phone: +43-2236-200-12294 Fax: +43-2236-200-82294 E-mail: info@evn.at Internet: www.evn.at ISIN: AT0000741053 WKN: 074105 Indices: ATX Listed: Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: EVN AG: Ad-hoc announcement - notification of
Top 10 Most Recent News Articles
West Fraser Tackles Grim Quarter: Indefinite Mill Closures
Bracing For Impact: The Tough Truth About West Fraser's Recent Moves Things are looking a bit bleak over at West Fraser Timber Co. They've just dropped their Q3 2026 results, ringing the bell with a hefty $80 million loss. As if that wasn't enough, the company's decided to indefinitely curtail a couple of mills—one in Lanett, Alabama and the other in Leola, Arkansas....
Continue Reading
Vicuna Air Unveils Pet-Friendly European Routes
Paws in the Sky: Vicuna Air's New Venture Look, when you hear about airlines, you're usually thinking delays, cramped seats, and overpriced peanuts—not four-legged companions jet-setting across the Atlantic. Yet, here comes Vicuna Air, flipping the script with their first continental European flights this October. They've got an ace up their sleeve: Brussels, now a...
Continue Reading
Bechtel's $1M Push for Wyoming's Skilled Trades Future
Wyoming's Bid for Skilled Trades Revolution You’d think with all the talk about tech and white-collar jobs, we’ve forgotten the backbone that keeps the world ticking—skilled trades. Turns out, Bechtel hasn’t. The company just tossed a cool million at Wyoming's Laramie County Community College and Western Wyoming College. What’s that doing? It's jumpstarting...
Continue Reading
Savvas Launches Miller & Levine Biology Program Revamp
Education Meets Innovation: Savvas Takes a Bold Step Who would have thought biology education could get a makeover that might actually stick? Savvas Learning Company thinks it's onto something with the launch of the all-new Miller & Levine Experience Biology Program. The spotlight's on innovation—it's about time someone shook up the way high schoolers learn biology. A...
Continue Reading
FirstLight Home Care Reaches 300 Locations Milestone
FirstLight Celebrates a Major Milestone FirstLight Home Care just hit a big milestone, reaching a whopping 300 locations. That's not just a feather in their cap; it's a sign that their approach to senior care is resonating with communities across the map. The company is kicking off a celebration tour, cleverly dubbed the Best Days Tour, highlighting each step forward with...
Continue Reading
Air Force Enlisted Village: Trailblazing Senior Care
Changing the Senior Living Game for Military Families Out of all the fancy talk shows and slick productions, "All Access hosted by Andy Garcia" managed to hit a real nerve on the quiet, critical shifts happening in the senior living sector. They dug into how Air Force Enlisted Village in Shalimar is taking care of our military families' unsung heroes—the surviving...
Continue Reading
Domino’s Faces Legal Heat: Investors' Eyes On DPZ
Domino's Pizza Under the Legal Microscope Picture this, folks: Domino's Pizza (NASDAQ: DPZ) is caught in a legal whirlwind that might give its shareholders a rollercoaster of a read in the coming weeks. On the docket is a serious probe led by Johnson Fistel, a law outfit with quite the reputation for defending shareholder interests. The focus? Whether certain hot shots at...
Continue Reading
Study Reveals Stark Disparities in Education Equity
Are We Dropping the Ball on Future Talent? Listen, there’s a harsh truth screaming at us from the NWEA’s latest study, and it’s not pretty. We’re talking about a serious gap here, folks—one that shows lower-income kids are getting the short end of the stick in education yet again. When more than half of U.S. students come from lower-income families but only 20%...
Continue Reading
HiTHIUM Powers Up Australia's Energy Storage Future
Just imagine, folks, a slice of the energy world reshaping right under our feet in good ol' Australia. That's the buzz HiTHIUM sparked at All Energy Australia as they showcased their fancy ?Power 6.9MWh, 8-hour long-duration battery storage system (BESS). It wasn’t just about the tech superiority but the strategic planting of stakes in the local energy market....
Continue Reading
AppLovin Faces Class Action: AI Growth Claims Under Fire
AppLovin's AI Jackpot: A Busted Flush? This year's been a rollercoaster at AppLovin Corporation, and not the fun kind. Let me tell ya, investors bought into a dream—a self-sustaining, profit-churning machine based on AI advertising models. Unfortunately, reality came around like a bad penny, and suddenly, their 'virtuous cycle' feels more like a busted flush....
Continue ReadingTop 5 Most Recently Viewed Articles
Rivian's Journey: Navigating Challenges for Future Growth
Rivian's Current Market Performance Shares of the electric vehicle (EV) manufacturer Rivian (NASDAQ: RIVN) have experienced notable fluctuations recently. Starting the year above $23 per share, the stock price took a nosedive to under $9 by mid-April. A brief recovery pushed shares back over the $18 mark in July, but by November, they fell under $10 again. Presently,...
Continue Reading
Dura Chill: Chill Deodorant from Coors Light & Duradry
Introducing Dura Chill: A Cool New Addition Dura Chill represents a groundbreaking collaboration between Coors Light and Duradry, providing a unique twist on traditional deodorants. With the summer's heat wave at our doorstep, this innovative product arrives just in time to help you stay fresh when the sun's rays turn up the heat. What is Dura Chill? Dura Chill is the...
Continue Reading
FCA US LLC Achieves Notable Sales Increases This Quarter
Overview of FCA US LLC Sales Performance FCA US LLC has shared its sales results for the second quarter, and there’s a lot to unpack. The company experienced a total of 309,973 vehicle sales in this period, down 10% from the previous year. However, certain brands within the portfolio demonstrated impressive resilience and growth. Ram Brand Sales Standout The Ram brand...
Continue Reading
Discover MOVA's Cutting-Edge P10 Pro Ultra Gen2 Vacuum
Introducing the MOVA P10 Pro Ultra Gen2 Robot Vacuum MOVA, a prominent name in smart home technology, has launched the P10 Pro Ultra Gen2, a cutting-edge robot vacuum that combines vacuuming and mopping functions into one seamless cleaning solution. This innovative device is designed to meet the diverse cleaning needs of modern households, making home maintenance easier...
Continue Reading
MGM Resorts Q3 Performance: China Shines Amid Vegas Challenges
MGM Resorts International Third Quarter Overview MGM Resorts International (NYSE:MGM), a leader in the casino and sports betting industry, has announced its financial results for the third quarter. The company revealed a revenue of approximately $4.25 billion, reflecting a 2% increase year-over-year. This revenue surpassed analysts' expectations, which had estimated...
Continue Reading