Tallinna Kaubamaja Grupp
Tallinna Kaubamaja AS and KIA Auto AS contested the decision of the Latvian Competition Council in the Administrative Regional Court of the Republic of Latvia
DGAP-News: Tallinna Kaubamaja 16.09.2014 / 15:00 --------------------------------------------------------------------- On 21st of August 2014 Tallinna Kaubamaja AS made a stock exchange release announcing the decision of the Latvian Competition Council, which imposed a fine on Tallinna Kaubamaja AS and its subsidiary KIA Auto AS in connection with an alleged violation of the Competition Law. Tallinna Kaubamaja AS and KIA Auto AS are convinced that the accusation is unfounded and there has occurred no breach of the Competition Law. On 15th of September 2014, Tallinna Kaubamaja AS and KIA Auto AS submitted complaints to the Administrative Regional Court of the Republic of Latvia, in which they ask the decision to be annulled in full. KIA Auto AS and Tallinna Kaubamaja AS will continue conducting their usual business activities and to inform the stock exchange as circumstances are specified, in accordance with the law and procedure laid down in the rules and regulations of the stock exchange. Raul Puusepp Chairman of the Board Phone: +372 731 5000 News Source: NASDAQ OMX --------------------------------------------------------------------- 16.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Tallinna Kaubamaja Estonia ISIN: EE0000001105 End of News DGAP News-Service --------------------------------------------------------------------- 287273 16.09.2014
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