The Supreme Administrative Court has dismissed the decision by ELY centre to recover the investment support granted to Caternet Finland Ltd
Apetit Plc, Stock Exchange Release, 9 December 2014 at 7:30 p.m.
The Supreme Administrative Court has dismissed the decision the Uusimaa Centre for Economic Development, Transport and the Environment made in the beginning of November 2012 regarding the recovery of investment support granted to Caternet Finland. Furthermore, The Supreme Administrative Court dismissed the decision the Rural Businesses Appeals Board made in May 2013 to dismiss Caternet Finland’s appeal against the decision. The Supreme Administrative Court ordered the Uusimaa Centre for Economic Development, Transport and the Environment to compensate Caternet Finland’s legal costs in the Supreme Administrative Court with EUR 10,000.
The Uusimaa Centre for Economic Development, Transport and the Environment’s claim for recovery concerned the investment support that was granted to Caternet Finland’s Helsinki plant in 2008–2009. The claim for recovery was due to the change of ownership of the company’s share capital that occurred on 27 March 2012. The sum claimed for recovery was approximately EUR 2 million. Apetit Plc did not book any cost impacts of the potential recovery while the appeal process was pending in 2012–2014.
Apetit Plc has included information regarding the process in the Interim Reports in 2012–2014 and in its Financial Statements Releases in 2012 and 2013.
Apetit Plc
Veijo Meriläinen
CEO
For more information, please contact:
Corporate Councel Asmo Ritala, tel, +358 10 402 4005
Distribution:
NASDAQ OMX Helsinki
Main media
www.apetitgroup.fi
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