Helsinki, Finland, 2015-12-29 08:14 CET (GLOBE NEWSWIRE) --
The Supreme Court Of Finland has today sustained the judgment rendered by the Helsinki Court of Appeal on 29 November 2011 and dismissed all claims presented against Finnlines Plc by Mutual Pension Insurance Company Ilmarinen.
In its action Ilmarinen had objected to the decision of Finnlines’ Annual General Meeting held on 20 May 2008 concerning minimum dividend and demanded that the resolution be amended so that the minimum dividend paid should have been EUR 17,181,000 instead of EUR 180,216.39.
The Supreme Court dismissed Ilmarinen's petition on the Court of Appeal's ruling and maintained said ruling in force.
The Supreme Court has ordered Ilmarinen to compensate Finnlines’ legal costs in the Supreme Court by an amount of EUR 28,734.75 together with interest at statutory rate.
The judgment is final and non-appealable.
In Helsinki on 29.12.2015
Finnlines Plc
Tom Pippingsköld Tapani Voionmaa
CFO Group General Counsel
Distribution Nasdaq Helsinki Ltd
Main media
About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the Baltic Sea and the North Sea. The Company is listed on the Nasdaq Helsinki Ltd and is a part of the Grimaldi Group, one of the world’s largest operators of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe for both passengers and freight. This affiliation enables Finnlines to offer liner services to and from any destination in the Mediterranean, West Africa as well as the Atlantic coast of both North and South America.