East Capital paid the costs of the lost deal

LZ

Alina Ozich (LŽ) photo

Swedish Capital Investment Company East Capital paid nearly 62.5 thousand euros. Antanas Trumpa, leader of the "Rokiškio sūris" losing the losers, lost the costs incurred by the other participants in the process.

This was put in place in 2018. June 20 The judgment of the Lithuanian Court of Appeal, which concludes and unconditionally terminates the claims of LUX Baltic Fund of East Capital (East Capital), claiming that the Swedes lost their rights to action when selling their shares, was announced on the Nasdaq Vilnius Stock Exchange. 19659007] Last October, East Capital raised 4.5 million euros sold 5.5 percent. The shares of Rokiskio cheese in the investment company INVL Asset Management.

The new shareholders refused to contribute to the claims of East Capital, already rejected by the Panevėžys Regional Court a year ago.

By order of the court of appeal, A. Trumpos, UAB Pieno pramonės investicijų valdymas and AB "Rokiškio sūris" The total cost of court costs amounted to EUR 62 453.24

Irmantas Norkus, a Cobalt partner, representing Rokiškis Sūris, said that East Capital's lawsuits were a way for the company to pressure A. buy East Capital at a high price.

East Capital has confirmed that after agreeing the price of the desired share, no claim will be made to the company's chief.

East Capital appealed to the court in 2015. December The Swedes alleged that Rokiškis Sūris illegally granted financial badistance to another company owned by A. Trumpos "Pieno pramonės investicijų valdymas", with the aim of acquire shares of Rokiškio sūris. A. Trumpas is required to repay 10,524 million litas for Rokiskis cheese. damage in euros.

A. Briefly denied the charges and argued that "Dairy Industry Investment Management" had acquired shares of Rokiškio sūris in 2004-2006 for funds borrowed from banks and its shareholders. And it is only later that "Rokiškio sūris" refinanced part of these loans by applying market-related interests. All borrowed funds have already been returned to East Capital prior to [19659007] All necessary information on the loans has been provided in the annual reports of the company, which have been approved by the shareholders, including East Capital. The Swedes even increased the number of shares held by Rokiškis Sūris during the loan granting period

The shares of Rokiškio Sūris are listed on the official list of the Nasdaq Vilnius Stock Exchange.