Varroc Engineering Limited — Important, 08-07-2025: Disclosure of material issue

Varroc Engineering Limited has announced a dispute with OPmobility Lighting Holding, France, initiated through ICC International Court of Arbitration. The issue arises from alleged breaches of covenants under a Securities Purchase Agreement between Varroc and OPmobility, with multiple amendments since 2022.

The claim against Varroc amounts to approximately US$ 66.4 million plus legal costs. Varroc is currently assessing the case, planning to contest the claims vigorously while exploring legal and contractual remedies. The financial impact remains uncertain and will depend on arbitration outcomes. Additionally, Varroc’s Romanian subsidiary has a counterclaim against OPmobility pending in France.

Investors should monitor this litigation closely as it could have material financial implications, but the company is actively defending its position.