Market announcement
Nordecon AS
LEI code
48510000D8HSLK854I81
Size of the entity
Large group
Economic activities
Construction
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
3913
Submission date and time
05.02.2013 09:59:45
Content of announcement in Estonian
Title
Vastus Arco Vara AS börsiteatele (04.02.2013) seoses Tivoli elamuarenduse lepingu lõpetamisega
Message
Tallinn, Eesti, 2013-02-05 08:59 CET (GLOBE NEWSWIRE) --
4. veebruaril 2013 avaldas Arco Vara AS börsiteate, mille järgi olevat Arco
Vara kontserni kuuluv Tivoli Arendus OÜ lõpetanud Nordecon ASiga sõlmitud
töövõtulepingu projekteerimis- ja ehitustööde teostamiseks Tallinnas Narva mnt
67 maaüksusel (nn Tivoli elamuarendus) seoses Nordeconi poolse väidetava
lepingurikkumisega. Nordecon AS on vastava lepingu sõlmimise kohta
avalikustanud börsiteate 22. mail 2012
(https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=50
7185&messageId=622520).
Nordecon AS teatab, et Arco Vara AS poolt avaldatud info ei vasta tõele. Tivoli
Arendus OÜ on küll saatnud Nordecon ASile töövõtulepingu ülesütlemise avalduse,
kuid avaldusel pole õiguslikku alust, see rajaneb valedele väidetele ega ole
seega kehtiv. Nordecon AS ei ole rikkunud Tivoli Arendus OÜga sõlmitud
töövõtulepingut. Tegelikkuses on Tivoli Arendus OÜ sattunud majanduslikesse
raskustesse, ei ole suutnud täita oma lepingulisi kohustusi Nordecon ASi ees
(pole suutnud tagada ehitusloa saamist, mille tõttu kogu projekti teostamine
kokkulepitud mahus ja ajagraafikus on takerdunud ning on muuhulgas korduvalt
hilinenud seni tehtud töö eest esitatud arvete tasumisel) ning üritab nüüd
vahendeid valimata endale koormavast lepingust vabaneda alusetuid ettekäändeid
otsides. Nordecon AS kaalub töövõtulepingust taganemist ja tekitatud kahju
ulatuses nõude esitamist Tivoli Arendus OÜ vastu.
Nordeconi kontsern hõlmab ettevõtteid, mis on keskendunud hoonete ja rajatiste
ehitamise projektijuhtimisele ja peatöövõtule. Geograafiliselt tegutsevad
kontserni ettevõtted täna Eestis, Ukrainas ja Soomes. Kontserni emaettevõte
Nordecon AS on registreeritud ja asub Tallinnas, Eestis. Kontserni kuulub
lisaks emaettevõttele üle 10 tütarettevõtte. Kontserni 2011. aasta
konsolideeritud müügitulu oli 147,8 miljonit eurot. Nordeconi kontsern annab
hetkel tööd üle 700 inimesele. Alates 18.05.2006 on emaettevõtte aktsiad
noteeritud NASDAQ OMX Tallinna Börsi põhinimekirjas.
Raimo Talviste
Nordecon AS
Finants- ja investorsuhete juht
Tel: +372 615 4445
Email: [email protected]
www.nordecon.com
Content of announcement in English
Title
Comments on Arco Vara AS announcement (4 February 2013) regarding the termination of Tivoli residential development contract
Message
Arco Vara AS published a company announcement on 4 February 2013 by which it
claims that Tivoli Arendus OÜ, a member of Arco Vara Group, has terminated a
contract for the design and construction works of apartment houses in Tallinn,
Narva Rd 67 land plot (so called Tivoli residential development) because of an
alleged breach of contract terms by Nordecon AS. Nordecon AS has published an
announcement of the signing of the contract on 22 May 2012
(https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=50
7185&messageId=622519).
Nordecon AS hereby announces that the information published by Arco Vara AS is
untrue. Tivoli Arendus OÜ has indeed sent a notification for the termination of
the contract, but does not contain sound legal arguments, is based on false
assertions and is thereby not valid. Nordecon AS is not in breach of the
contract terms. In reality Tivoli Arendus OÜ has landed in economic
difficulties, has not been able to fulfil its contractual obligations towards
Nordecon AS (i.e. has not granted a building permit which has led to delays in
time schedule and problems reaching agreed upon construction volumes and has
also been repeatedly late with payments for billed works) and is now trying to
rid itself of the burdening contract using groundless pretexts. Nordecon AS is
considering backing away from the contract and seeking compensation for damages
done by Tivoli Arendus OÜ.
Nordecon is a group of construction companies whose core business is
construction project management and general contracting in the buildings and
infrastructures segment. Geographically the Group operates in Estonia, Ukraine
and Finland. The parent of the Group is Nordecon AS, a company registered and
located in Tallinn, Estonia. In addition to the parent company, there are more
than 10 subsidiaries in the Group. The consolidated revenue of the Group in
2011 was 147.8 million euros. Currently Nordecon Group employs more than 700
people. Since 18 May 2006 the company's shares have been quoted in the main
list of the NASDAQ OMX Tallinn Stock Exchange.
Raimo Talviste
Nordecon AS
Head of Finance and Investor Relations
Tel: +372 615 4445
Email: [email protected]
www.nordecon.com