Lindex Settles Last Restructuring Process Dispute; Stock Jumps

Lindex settled the last remaining dispute related to its restructuring process with LahiTapiola Keskustakiinteistot and will now seek to end the restructuring program.

• “Settling the last dispute enables Lindex Group to seek the ending the restructuring program, which is an important and positive milestone”
  • NOTE: The dispute comprised two separate claims between Lindex and its subsidiaries and LahiTapiola Keskustakiinteistot and related to the amount of damages to be paid for the termination of the lease agreement for Stockmann’s department store in Tapiola
• In 2022, Lindex made a provision of EU15.9m of the disputed claims in question and says the compensation ...