AS Ekspress Grupp: statement of claim announcement


Tallinn, Estonia, 2014-10-02 09:39 CEST (GLOBE NEWSWIRE) --  

Osaühing Grupivara has filed a statement of claim to Harju County Court (in Estonian: “Harju Maakohus”) on 19.06.2014 against Aktsiaselts Ekspress Grupp regarding decisions of the 20.06.2014 Annual General Meeting of Shareholders of Aktsiaselts Ekspress Grupp. Osaühing Grupivara has challenged the decisions of Shareholders Meeting of approving the Annual Report for the Financial Year 2013 of Aktsiaselts Ekspress Grupp and Profit Distribution Proposal as Osaühing Grupivara has an opinion that the Annual Report for the Financial Year 2013 of Aktsiaselts Ekspress Grupp contains inaccurate data.

On 22.09.2014 Harju County Court has accepted the court claim to be processed and Aktsiaselts Ekspress Grupp has to answer to the claim by 06.10.2014.

Aktsiaselts Ekspress Grupp finds the statement of claim groundless.

The financial reports of Aktsiaselts Ekspress Grupp are audited, the reports have been made available to the public and independent sworn auditors have confirmed to the shareholders of Aktsiaselts Ekspress Grupp the accuracy of the reports.

Osaühing Grupivara is a minor shareholder of Aktsiaselts Ekspress Grupp (the holding of Osaühing Grupivara is 0.0003% from the share capital) that has acquired the holding in Aktsiaselts Ekspress Grupp in February 2014. 

         Additional information:
         Gunnar Kobin
         Chairman of the Management Board
         GSM: +372 5188111
         e-mail: gunnar@egrupp.ee