Q-FREE - SETTLEMENT OF DISPUTE WITH NPRA
Q-Free ASA and the Norwegian Public Roads Administration (NPRA) have today settled a dispute related to invoicing of services for the central system for toll collection in Norway from 2006 to July 2016. Reference is made to note 13 in Q-Free’s Q4-16, Q1-17 and Q2-17 reports. Per the settlement agreement, Q-Free will pay NOK 27.8 million to the NPRA. A main reason for this is that Q-Free unintentionally miscalculated the invoice amount for some initial change orders. Over the years these initial errors have aggregated into a significant amount. The settlement amount will be paid in