Market announcement
TKM Grupp AS
LEI code
529900785KF1K0EEW940
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
4633
Submission date and time
16.09.2014 16:00:01
Content of announcement in Estonian
Title
Tallinna Kaubamaja AS ja KIA Auto AS vaidlustasid Läti Konkurentsiameti otsuse Läti halduskohtus
Message
Tallinna Kaubamaja AS avaldas 21.08.2014 börsiteate, milles teavitas Läti
Konkurentsiameti otsusest, millega määrati Tallinna Kaubamaja AS-ile ja tema
tütarettevõtjale KIA Auto AS trahv seoses väidetava konkurentsialase
rikkumisega. Tallinna Kaubamaja AS ja KIA Auto AS on jätkuvalt veendunud, et
süüdistus on alusetu ning konkurentsiseaduse rikkumist ei esinenud. 15.09.2014
esitasid Tallinna Kaubamaja AS ja KIA Auto AS Läti halduskohtule kaebused,
milles paluvad viidatud otsuse täies ulatuses tühistada. KIA Auto AS ja
Tallinna Kaubamaja AS jätkavad oma tavapärast äritegevust ning informeerivad
börsi jätkuvalt asjaolude täpsustamisel seaduses ja börsi reglemendis
sätestatud korras.
Raul Puusepp
Juhatuse esimees
Tel 731 5000
Content of announcement in English
Title
Tallinna Kaubamaja AS and KIA Auto AS contested the decision of the Latvian Competition Council in the Administrative Regional Court of the Republic of Latvia
Message
On 21st of August 2014 Tallinna Kaubamaja AS made a stock exchange release
announcing the decision of the Latvian Competition Council, which imposed a
fine on Tallinna Kaubamaja AS and its subsidiary KIA Auto AS in connection with
an alleged violation of the Competition Law. Tallinna Kaubamaja AS and KIA Auto
AS are convinced that the accusation is unfounded and there has occurred no
breach of the Competition Law. On 15th of September 2014, Tallinna Kaubamaja AS
and KIA Auto AS submitted complaints to the Administrative Regional Court of
the Republic of Latvia, in which they ask the decision to be annulled in full.
KIA Auto AS and Tallinna Kaubamaja AS will continue conducting their usual
business activities and to inform the stock exchange as circumstances are
specified, in accordance with the law and procedure laid down in the rules and
regulations of the stock exchange.
Raul Puusepp
Chairman of the Board
Phone: +372 731 5000