AS Tallinna Vesi submitted to the Tallinn Administrative Court an application for an injunction and disputed the Competition Authority’s prescription.
In response to the Competition Authority’s prescription of 10 October 2011 which instructed ASTV to submit a tariff application for reducing its current tariffs by 29% by 14 November 2011 at the latest, on 9 November 2011 the company submitted to the Tallinn Administrative Court an application for an injunction, asking the court to suspend the validity of the prescription until the Court delivers a judgment regarding the associated complaint contesting the prescription. The Company will inform its investors about any development in ongoing debate.
Ian Plenderleith
Chairman of the Management Board
Siiri Lahe
Chief Financial Officer
Member of the Management Board
Tel 62 62 262