Tallinna Sadam and TS Laevad dispute the decision of Harju County Court
July 31 2024 - 4:00AM
UK Regulatory
Tallinna Sadam and TS Laevad dispute the decision of Harju County
Court
At the end of June, the company described in its
notice that Harju County Court acquitted AS Tallinna Sadam
(hereinafter: “Tallinna Sadam”) former member of the management
board Ain Kaljurand and others charged in criminal proceedings due
to expiration of the limitation period for the criminal offence,
released the properties from seizure and partially ordered
procedure expenses. Victims Tallinna Sadam and OÜ TS Laevad civil
action lawsuit was dismissed. Tallinna Sadam and OÜ TS Laevad, as
parties to the court proceedings, submitted an appeal to the
Tallinn District Court on 29 July 2024 and asked the court to annul
certain points of the resolution of the Harju County Court's
decision of 27 June 2024.
According to the appeal, Tallinna Sadam requests
to resolve the civil case on its merits, to demand damages and
procedure expenses from the defendants including the penalties, not
to release from seizure the property related to the case, to review
the grounds of expiration of the limitation period in the offense
and to change the judgment regarding the former employee of
Tallinna Sadam.
The management board believes that based on
known information, the above events will not have a material
adverse impact on the Group’s financial performance or financial
position.
Tallinna Sadam is one of the largest cargo- and passenger
port complexes in the Baltic Sea region. In addition to passenger
and freight services, Tallinna Sadam group also operates in
shipping business via its subsidiaries – OÜ TS Laevad provides
ferry services between the Estonian mainland and the largest
islands, and OÜ TS Shipping charters its multifunctional vessel
Botnica for icebreaking and offshore services in Estonia and
projects abroad. Tallinna Sadam group is also a shareholder of an
associate AS Green Marine, which provides waste management
services.
Additional information:
Angelika Annus
Head of Investor Relations
Tel. +372 5649 6230
E-mail: angelika.annus@ts.ee