Decision of the Lithuanian Court of Appeals regarding abolishment of the decision of Kaunas Regional Court of 27 March 2013 and dismissal of the claim of minority shareholder Plass Investments Limited was received

        Print
| Source: Imoniu grupe ALITA, AB
multilang-release

Alytus, Lithuania, 2014-03-17 07:18 CET (GLOBE NEWSWIRE) -- On 14 March 2014 Company Group ALITA, AB (hereinafter, the Company) received a decision from the Lithuanian Court of Appeals, according to which the court abolished the decision of the Kaunas Regional Court of 27 March 2013 and adopted a new decision – to dismiss a claim of minority shareholder Plass Investments Limited regarding invalidation of the decisions of the extraordinary general meeting of shareholders, dated 3 October 2011 on reduction and increase of the Company‘s authorised capital, Articles of Association of the Company and of Share Subscription Agreement of 6 October 2011, concluded by the Company and FR&R Invest IGA S.A. Following the indicated decision the Lithuanian Court of Appeals also abolished all the interim measures applied by the Kaunas Regional Court.

The Company has announced on the decision of Kaunas Regional Court of 27 March 2013, as well as on the rulings of the same court on application of interim measures, all of which were abolished by the decision of the Lithuanian Court of Appeals on 13 March 2012, 18 May 2012, 8 August 2012, 27 March 2013 by notifications on material events.  

The aforementioned decision of the Lithuanian Court of Appeals of 14 March 2014 became valid as from its adoption.  

 

         General Manager Vaidas Mickus, tel.: (+370 315) 57243.