OREANDA-NEWS. January 24, 2013. Tallinn District Court judgment of 21 January 2013 upheld in full the judgment of conviction by Harju County Court of 30 March 2012 in criminal case no. 1-09-20251 (see Tallinn stock exchange press release https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=498606&messageId=611378).

AS Merko Ehitus is filing an appeal in cassation within the term of 30 days and in accordance with procedure set forth in legislation. We intend to challenge the judgment in full on the basis of material breach of substantive and procedural norms – on the grounds that the factual circumstances that served as the basis for the judgment of conviction were established incorrectly as a result of material violations of procedure.

The judgment has not entered into force, but the potential financial influence of the judgment has already been taken into account in the results for AS Merko Ehitus’s 2011 financial year.

Additional information: Leon Glikman, Law firm Glikman, Alvin & Partnerid, telephone +372 686 0000.