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

4236

Submission date and time

27.11.2013 11:35:00

Content of announcement in Estonian

Title

Kohtu vaheotsuse jõustumine

Message

Tallinn, Eesti, 2013-11-27 10:35 CET (GLOBE NEWSWIRE) --
Nordecon AS on 2012. a majandusaasta aruandes (Lisa 36) ja 2013. a
vahearuannetes (Lisa 15) kirjeldanud kohtuprotsessi seoses kontserni kuuluva
Eurocon OÜ vähemusosaniku poolt esitatud hagiga temale kuuluvate osade
väljaostu nõudmise kohta summas 538 tuhat eurot. 

Nordecon AS esitas hagi Eurocon OÜ vähemusosaniku vastu kahjude korvamiseks
(summas 586 tuhat eurot), mis on tekkinud olukorraga, kus vähemusosanik ei ole
võimeline endale kuuluvat Eurocon OÜ osa üle andma kokkulepitud väärtuses.
Harju Maakohus otsustas jätta Nordecon AS hagi rahuldamata. Nordecon AS esitab
apellatsioonikaebuse Tallinna Ringkonnakohtule. 



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 2012. aasta
konsolideeritud müügitulu oli 159,4 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

Interim court ruling

Message

Tallinn, Estonia, 2013-11-27 10:35 CET (GLOBE NEWSWIRE) --
Nordecon AS has in its 2012 annual report (Note 36) and 2013 interim reports
(Note 15) described the court proceedings regarding the claims made by
non-controlling shareholder in the Group’s subsidiary Eurocon OÜ seeking that
Nordecon AS purchase his share in Eurocon OÜ for 538 thousand euros. 

Nordecon AS has filed a claim against the non-controlling shareholder to seek
compensation (538 thousand euros) for damages that have resulted since the
shareholder is not able to transfer the shares in the agreed upon value. The
first instance Harju County Court has decided to deny action on Nordecon AS’s
claim. Nordecon AS will present an appeal to next level circuit court (Tallinn
Circuit Court). 



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
2012 was 159.4 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