Market announcement

Olympic Entertainment Group AS

LEI code

097900BHBZ0000064366

General information

Categories

Other price sensitive information

Unique data record identifier

6865

Submission date and time

05.09.2018 22:09:53

Content of announcement in Estonian

Title

OEG esitas Harju Maakohtule vastuse aktsiaselts Trigon Asset Management hagile ning vastuhagi kahju hüvitamiseks

Message

Olympic Entertainment Group AS (OEG) esitas vastuse Harju Maakohtule aktsiaselts
Trigon  Asset Management (Trigon) hagiavalduse alusel alustatud tsiviilasjas OEG
vastu.   OEG   palub   kohtul  jätta  Trigoni  hagiavaldus  läbi  vaatamata  või
alternatiivselt  rahuldamata ning tühistada  Harju Maakohtu 03.08.2018 määrusega
kohaldatud hagi tagamine.

Lisaks  esitas OEG  vastuhagi Trigoni  vastu, milles  nõuab Trigoni alusetu hagi
ning   selle  tagamiseks  kohaldatud  meetmega  OEG-le  seni  põhjustatud  kahju
hüvitamist,   summas   ligikaudu   16,3 miljonit  eurot.  Trigoni  alusetu  hagi
tagamiseks kohaldatud meede põhjustab OEG-le kahju, kuna selle tõttu ei ole OEG-
l võimalik rakendada tavapärast juhtivtöötajate optsiooniprogrammi ega viia ellu
äri laiendamise strateegiat aktsiakapitali suurendamise kaudu nagu planeeritud.

Madis Jääger
juhatuse esimees
Olympic Entertainment Group AS
Tel + 372 667 1250
E-post [email protected] (mailto:[email protected])
http://www.olympic-casino.com

Content of announcement in English

Title

OEG responded to Harju County Court in relation to action from Trigon Asset Management and submitted a counterclaim for compensation of damages

Message

Olympic  Entertainment Group  AS (OEG)  has responded  to Harju  County Court in
relation  to the  civil proceedings  commenced on  the basis  of an  action from
Trigon  Asset  Management  (Trigon).  OEG  requests  the court to refuse to hear
Trigon's  action or alternatively, to refuse to  satisfy the claim and to cancel
the  preliminary injunction put  in place on  the basis of  Harju County Court's
03.08.2018 ruling.

OEG  also filed a counterclaim against Trigon demanding compensation for damages
in  the amount of  approx. EUR 16.3 million  caused so far  by Trigon's unlawful
action  and  the  preliminary  injunction  securing that action. The preliminary
injunction securing Trigon's unlawful action is causing damages to OEG as due to
this  measure, OEG is deprived of  the means required for implementing customary
management  incentive  program  and  following  its  expansive business strategy
through increase of the share capital as planned.

Madis Jääger
CEO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-mail [email protected] (mailto:[email protected])
http://www.olympic-casino.com