Pressmeddelande

24SevenOffice Group AB announces settlement in the dispute with the founders of Busy Technologies AS

Cision Publicerad: 08 Nov 20:54

The settlement agreement entails that 24SevenOffice Group AB will pay 18 million NOK as the final earnout payment for the shares in Busy Technologies AS owned by the founders (49.7% of the outstanding shares). The agreement is a final settlement for all claims and counterclaims between the parties. Each party will cover their own legal expenses.

The Norwegian Tax Administration has issued a notice of amendment to Busy Technologies AS’s tax filings for all previously received funding from the Norwegian SkatteFUNN, R&D tax incentive program, for the years 2018-2021. The notice entails a repayment of 3.6 million NOK in taxes.

With this agreement, the dispute with the Busy founders is fully settled, and the legal proceedings are concluded.

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