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

4987

Submission date and time

05.05.2015 16:15:00

Content of announcement in Estonian

Title

Kohtulahend vaidluses Tivoli Arendus OÜ’ga

Message

23.04.2015 tegi Harju Maakohus otsuse tsiviilasjas „Nordecon AS hagi Tivoli
Arendus OÜ vastu lepingu lõppenuks tuvastamiseks, võla, viivise nõudes,
garantii tagastamise nõudes ja Tivoli Arendus OÜ vastuhagi Nordecon AS vastu
leppetrahvi, viivise saamiseks, alternatiivselt kahju hüvitamiseks ja sellelt
viivise saamiseks.“ 

Kohus tuvastas, et leping on lõppenud Nordecon AS’i poolt lepingust
taganemisega ning Tivoli Arendus OÜ’l ei ole õigust realiseerida Nordecon AS’i
poolt ehituslepingu tagatiseks antud pangagarantiid summas ligikaudu 1,3
miljonit eurot. Samuti mõisteti Nordecon AS’i kasuks välja võlg ning viivis
ligikaudses kogusummas 182 tuhat eurot. 

Tivoli Arendus OÜ vastuhagis esitatud nõuded jättis kohus täies ulatuse
rahuldamata. Tivoli Arendus OÜ’l on võimalus esitada apellatsioonkaebus
hiljemalt 23.05.2015. 

Varem avalikustatud seonduvad börsiteated:

22.05.2012 - Ehituslepingu sõlmimine (Tivoli elamuarendus)
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=507
185&messageId=622520 

05.02.2013 - Vastus Arco Vara AS börsiteatele (04.02.2013) seoses Tivoli
elamuarenduse lepingu lõpetamisega 
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=540
034&messageId=665157 

13.06.2013 - Ehituslepingust taganemine (Tivoli elamuarendus)
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=561
511&messageId=693118 

02.10.2013 - Vastus Arco Vara AS börsiteatele (30.09.2013) seoses nõude
esitamisega Nordecon AS vastu 
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=575
169&messageId=710797 


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 2014. aasta
konsolideeritud müügitulu oli 161 miljonit eurot ja puhaskasum 2,3 miljonit
eurot. Nordeconi kontsern annab hetkel tööd üle 730 inimesele. Alates
18.05.2006 on emaettevõtte aktsiad noteeritud NASDAQ OMX Tallinna Börsi
põhinimekirjas. 


         Andri Hõbemägi
         Nordecon AS
         Investorsuhete juht
         Tel: +372 6272 022
         Email: [email protected]
         www.nordecon.com

Content of announcement in English

Title

Court decision regarding dispute with Tivoli Arendus OÜ

Message

Harju County Court decided on 23 April 2015 in the civil matter „Action of
Nordecon AS against Tivoli Arendus OÜ regarding the establishment of
termination of the agreement, claiming the debt, the late interest, the return
of the guarantee and the counterclaim of Tivoli Arendus OÜ against Nordecon AS
claiming for the contractual penalty and late interest.“ 

The court has found that the agreement was terminated lawfully by Nordecon AS
by withdrawing from the agreement and Tivoli Arendus OÜ does not have the right
to realise the bank guarantee in the amount of ca 1.3 million euros that was
granted as a security with respect of the construction agreement. Tivoli
Arendus OÜ was also ordered to pay the debt and the late interest in favor of
Nordecon AS in the total approximate amount of 182 thousand euros. 

The court fully rejected the claims of Tivoli Arendus OÜ submitted as the
counter claim. Tivoli Arendus OÜ has the possibility to file an appeal at the
latest on 23 May 2015. 

Previous related announcements:

22 May 2012 - Construction contract (Tivoli residential development)
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=507
185&messageId=622519 

5 February 2013 - Comments on Arco Vara AS announcement (4 February 2013)
regarding the termination of Tivoli residential development contract 
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=540
034&messageId=665156 

13 June 2013 - Termination of construction contract (Tivoli residential
development) 
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=561
511&messageId=693117 

2 October 2013 - Comments on Arco Vara AS announcement (30 September 2013)
regarding the claim made against Nordecon AS 
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=575
169&messageId=710796 


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
2014 was 161 million euros and net profit 2.3 million euros. Currently Nordecon
Group employs more than 730 people. Since 18 May 2006 the company's shares have
been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange. 


         Andri Hõbemägi
         Nordecon AS
         Head of Investor Relations
         Tel: +372 6272 022
         Email: [email protected]
         www.nordecon.com