EQS-Adhoc: Kapsch TrafficCom AG: Arbitral tribunal affirms the claim for compensation of the joint venture of Kapsch TrafficCom and CTS EVENTIM against the Federal Republic of Germany.
EQS-Ad-hoc: Kapsch TrafficCom AG / Key word(s): Legal Matter Kapsch TrafficCom AG: Arbitral tribunal affirms the claim for compensation of the joint venture of Kapsch TrafficCom and CTS EVENTIM against the Federal Republic of Germany. 25-March-2022 / 20:44 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. ══════════════════════════════════════════════════════════════════════════ Arbitral tribunal affirms the claim for compensation of the joint venture of Kapsch TrafficCom and CTS EVENTIM against the Federal Republic of Germany. According to the decision of the competent arbitral tribunal, autoTicket GmbH is entitled to damages and reimbursement of expenses against the Federal Republic of Germany. This is apparent from the interim arbitral award delivered to the contractor parties today. Following the termination of the operating agreement for the collection of the infrastructure charge ("passenger car toll") in Germany, autoTicket GmbH, the joint venture of Kapsch TrafficCom AG and CTS Eventim AG Co. KGaA, has asserted claims for compensation in the amount of approximately EUR 560 million against the Federal Republic of Germany. The arbitral tribunal confirmed that the claims asserted by autoTicket GmbH in the arbitration proceedings for compensation of the gross enterprise value and for reimbursement of the costs incurred in the execution of the operating agreement exist on the merits. Accordingly, the Federal Republic of Germany, represented by the German Federal Ministry of Transport and Digital Infrastructure, was not allowed to unilaterally withdraw from the contract without compensation. The arbitral award also rejected poor performance, as alleged by the Federal Republic of Germany, as a reason for termination. The first phase of the two-stage arbitral proceedings has thus been concluded. In the second phase of the arbitral proceedings that now follows, a decision is made on the amount of the claim. ══════════════════════════════════════════════════════════════════════════ Information and Explanation of the Issuer to this News: Investor contact: Hans Lang Investor Relations & Compliance Officer Kapsch TrafficCom AG Am Europlatz 2, 1120 Vienna, Austria P +43 50 811 1122 [1]ir.kapschtraffic@kapsch.net Press contact: Carolin Treichl Ingrid Riegler Executive Vice President Marketing & Head of Corporate Communications Communications Kapsch TrafficCom AG Kapsch TrafficCom AG Am Europlatz 2, 1120 Vienna, Austria Am Europlatz 2, 1120 Vienna, Austria P +43 50 811 1724 P +43 50 811 1710 [3]ingrid.riegler@kapsch.net [2]carolin.treichl@kapsch.net ══════════════════════════════════════════════════════════════════════════ 25-March-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com ══════════════════════════════════════════════════════════════════════════ Language: English Company: Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna Austria Phone: +43 50811 1122 Fax: +43 50811 99 1122 E-mail: ir.kapschtraffic@kapsch.net Internet: www.kapschtraffic.com ISIN: AT000KAPSCH9 WKN: A0MUZU Listed: Vienna Stock Exchange (Official Market) EQS News ID: 1312625 End of Announcement EQS News Service 1312625 25-March-2022 CET/CEST References Visible links 1. ir.kapschtraffic@kapsch.net 2. carolin.treichl@kapsch.net 3. ingrid.riegler@kapsch.net
