Market announcement
AS Ekspress Grupp
LEI code
529900B52V1TUMW7FS54
Size of the entity
Large group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
This is a correction announcement.
Previous version
CORRECTION: AS Ekspress Grupp and AS Eesti Meedia concluded interim compromise in arbitral dispute
AS Ekspress Grupp and AS Eesti Meedia concluded interim compromise in arbitral dispute
Categories
Other price sensitive information
Unique data record identifier
4449
Submission date and time
09.05.2014 15:58:29
Content of announcement in English
Title
CORRECTION: AS Ekspress Grupp and AS Eesti Meedia concluded interim compromise in arbitral dispute
Message
Tallinn, Estonia, 2014-05-09 14:58 CEST (GLOBE NEWSWIRE) --
Today, on 9 May 2014, AS Ekspress Grupp and AS Eesti Meedia concluded an
interim compromise in the arbitral dispute. AS Ekspress Grupp will pay EUR 2.7
million to AS Eesti Meedia and will acquire the shares of AS Ajakirjade
Kirjastus and AS SL Õhtuleht. The parties will continue the arbitral dispute
regarding the final fulfillment of mutual claims, including the final transfer
prices of AS SL Õhtuleht and AS Ajakirjade Kirjastus and AS Ekspress Grupp’s
withdrawal from the acquisition of the shares of AS Express Post.
Until the end of the arbitral dispute, AS Ekspress Grupp will not make any
further comment on the matter.
Ekspress Grupp will transfer the acquired shares of AS Ajakirjade Kirjastus and
AS SL Õhtuleht to OÜ Suits Meedia according to the previously concluded sale
agreement.
Additional information:
Gunnar Kobin
Chairman of the Management Board
GSM: +372 5188111
e-mail: [email protected]