Tallinn, Estonia, 2017-09-01 17:24 CEST (GLOBE NEWSWIRE) --
On 28th of August 2017, Harju County Court decided to dismiss the action filed by OÜ Grupivara for establishment of nullity of the AS Ekspress Grupp General Meeting decisions to approve the annual report of financial year 2014 and the proposal for distribution of profit. OÜ Grupivara's action plead that an additional impairment of goodwill of Delfi in Estonia and Delfi in Latvia should have been recognized in the financial reports, in which case the company would not have generated the profit to be distributed. The court held that OÜ Grupivara's claims are groundless. The court also decided that OÜ Grupivara had no legitimate interest in bringing an action.
On 30th of August 2017, the Supreme Court dismissed the cassation appeal of OÜ Grupivara against the AS Ekspress Grupp General Meeting decisions to approve the annual report of financial year 2013 and the proposal for distribution of profit. This means that the decision made by Harju County Court on 14th of November 2016 came into force. The decision dismissed the action filed by OÜ Grupivara for establishment of nullity of the 20th of June 2014 AS Ekspress Grupp General Meeting decisions. The previous notice about the decision made by Harju Country Court on the 14th of November 2016 can be found from https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=745845&mes sageId=934426.
Additional information: Mari-Liis Rüütsalu Chairman of the Management Board GSM: +372 512 2591 e-mail: mariliis.ryytsalu@egrupp.ee
On 28th of August 2017, Harju County Court decided to dismiss the action filed by OÜ Grupivara for establishment of nullity of the AS Ekspress Grupp General Meeting decisions to approve the annual report of financial year 2014 and the proposal for distribution of profit. OÜ Grupivara's action plead that an additional impairment of goodwill of Delfi in Estonia and Delfi in Latvia should have been recognized in the financial reports, in which case the company would not have generated the profit to be distributed. The court held that OÜ Grupivara's claims are groundless. The court also decided that OÜ Grupivara had no legitimate interest in bringing an action.
On 30th of August 2017, the Supreme Court dismissed the cassation appeal of OÜ Grupivara against the AS Ekspress Grupp General Meeting decisions to approve the annual report of financial year 2013 and the proposal for distribution of profit. This means that the decision made by Harju County Court on 14th of November 2016 came into force. The decision dismissed the action filed by OÜ Grupivara for establishment of nullity of the 20th of June 2014 AS Ekspress Grupp General Meeting decisions. The previous notice about the decision made by Harju Country Court on the 14th of November 2016 can be found from https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=745845&mes sageId=934426.
Additional information: Mari-Liis Rüütsalu Chairman of the Management Board GSM: +372 512 2591 e-mail: mariliis.ryytsalu@egrupp.ee