Market announcement
EfTEN Real Estate Fund AS
LEI code
4851000008JBI71L7643
Size of the entity
Medium group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
6729
Submission date and time
19.06.2018 13:44:24
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS-i tütarettevõtja UAB "Saules Miestas" ja UAB Busturas vahelise kohtuvaidluse lõppemine
Message
EfTEN Real Estate Fund III AS avaldas fondi aktsiate avaliku pakkumise, kauplemisele võtmise ja noteerimisprospektis (registreeritud Finantsinspektsioonis 23.10.2017) informatsiooni 100%-lise tütarettevõtja UAB "Saules Miestas" poolelioleva kohtuvaidluse kohta kaubanduskeskuse u?u?rnikuga (UAB Busturas) elektrikulu arvete osas. UAB Busturas no?ude suurus oli 117 706,50 eurot, millele lisandus intress 6% no?ude summalt kuni kohtuotsuse ta?itmiseni ja kohtukulud. UAB "Saules Miestas" hinnangul oli no?ue alusetu. S?iauliai kohus (S?iauliai District Court) rahuldas hagi. UAB "Saules Miestas" kaebas esimese astme kohtu otsuse edasi. Leedu Apellatsioonikohus (Court of Appeal of Lithuania) nõustus UAB "Saules Miestas" seisukohtadega ja 07.03.2018 rahuldas apellatsioonkaebuse. UAB-l Busturas oli õigus kolme kuu jooksul apellatsioonikohtu otsus vaidlustada ja esitada kassatsioonkaebus Leedu Ülemkohtule (The Supreme Court of Lithuania). UAB Busturas esitas kassatsioonkaebuse, mida Leedu Ülemkohus ei võtnud menetlusse ja 07.03.2018 apellatsioonkohtu poolt vastuvõetud otsus jäi jõusse. UAB "Saules Miestas" ja UAB Busturas vaheline kohtuvaidlus on lõppenud. Kõik kohtukulud jäid UAB Busturas kanda. Kogu kohtumenetluse ajal oli juhtkond veendunud UAB Busturas nõude alusetuses ja eraldisi sellega seoses ei tehtud. UAB "Saules Miestas" kohtuotsus ei mõjuta seega fondi konsolideeritud bilanssi, kasumiaruannet ega rahavoogu. Viljar Arakas Juhatuse liige Tel 655 9515 E-post: [email protected]
Content of announcement in English
Title
The court case between UAB "Saules Miestas", a subsidiary of EfTEN Real Estate Fund III AS, and UAB Busturas has ended
Message
In the fund's prospectus for the public offering of the shares, admission for trading and listing of the shares (registered at the Financial Supervision Authority on 23 October 2017), EfTEN Real Estate Fund III AS published information about an ongoing court dispute of their 100% subsidiary UAB "Saules Miestas" with a shopping centre tenant (UAB Busturas) regarding electricity bills. The claim of UAB Busturas amounted to 117,706.50 euros, to which interest of 6% of the claim accounted until the court ruling and judicial costs were added. According to UAB "Saules Miestas", the claim was unfounded. S?iauliai District Court satisfied the action. UAB "Saules Miestas" appealed against the decision of the court of first instance. The Court of Appeal of Lithuania agreed with the positions of UAB "Saules Miestas" and on 7 March 2018 satisfied the appeal. UAB Busturas had the right to contest the decision of the Court of Appeal in three months and present an appeal in cassation to the Supreme Court of Lithuania. UAB Busturas presented an appeal in cassation, which the Supreme Court of Lithuania rejected, meaning that the decision adopted by the Court of Appeal on 07 March 2018 remained in force. The court case between UAB "Saules Miestas" and UAB Busturas is closed. All legal expenses were to be paid by UAB Busturas. Throughout the court proceedings, the management was convinced that the claim of UAB Busturas was unfounded and no provisions were made for it. So the court decision of UAB "Saules Miestas" does not have any effect on the consolidated balance sheet, income statement or cash flow of the fund. Viljar Arakas Member of the management board Phone 655 9515 E-mail: [email protected]