Icelandair Group hf.
Decision of the Director of Internal Revenue
Icelandair Group hf. 17.04.2015 11:52 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Today Icelandair Group hf. received a decision of the Internal Revenue Board made on 15 April 2015. The decision confirms the decision of the Director of Internal Revenue that was made on 18 December 2013. The decision decreased Icelandair Group's expensed financial costs for the tax payment years of 2008-2012 with reference to a court verdict by the Supreme Court of Iceland in case no. 555/2012 from 28 February 2013 (Toyota á Íslandi ehf. v. Iceland). This will decrease Icelandair Group's transferable losses by up to ISK 6.4 billion. The management of Icelandair Group hf. will review the decision and evaluate whether the decision should be referred to the District Court of Reykjavik. The Company's equity can decrease by up to 1.3 billion ISK (9.6 million USD) if the case will be lost before the Icelandic courts. For further information : Björgólfur Jóhannsson, President and CEO bubbi@icelandairgroup.is + 354 896 1455 Bogi Nils Bogason, CFO bogi@icelandairgroup.is + 354 665 8801 News Source: NASDAQ OMX 17.04.2015 The DGAP 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: Icelandair Group hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000013464 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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