Update on process with FSA
As stated in the stock exchange notice dated 25 March 2021, and in the prospectus dated 19 April 2021, the Norwegian Financial Supervisory Authority (FSA) has reviewed certain accounting practices and their implications for Axactor SE’s (the Company) Annual Report 2019 and Half-Year Report 2020. The review was conducted under the Securities Trading Act §19-1, second paragraph.A notice regarding the preliminary conclusion from FSA received on 31 August 2021, states that FSA require the Company to expand its valuation models for expected future credit losses on portfolios of non-performing