05.02.2016, 12:24
ESO1: Regarding Court Decision
OREANDA-NEWS. Energijos Skirstymo Operatorius AB, identification code 304151376, registered office placed at Aguonu str. 24, Vilnius, Republic of Lithuania. The total number of registered ordinary shares issued by company is 894 630 333; ISIN code LT0000130023.
The Vilnius Regional Administrative Court dismissed the Company’s complaint asking to repeal the Resolution No. O3-947 “Regarding scheduled inspection of LESTO AB” of the National Commission for Energy Control and Prices” (hereinafter – the Commission) of 19.12.2014, including Resolutions No. O3-944, No. O3-945, No. O3-946 adopted on its basis and the Commission’s Resolution No. O3-960 of 23.12.2014 and to obligate the Commission to assess income not received by the Company and additional expenses sustained due to illegal upper price limits determined during the period of effect of these resolutions when determining the upper prices limits for the Company’s prices for the next periods.
The Company is examining the reasons of the court ruling and will make a decision on the appeal against it under the appellate procedure.
The Vilnius Regional Administrative Court dismissed the Company’s complaint asking to repeal the Resolution No. O3-947 “Regarding scheduled inspection of LESTO AB” of the National Commission for Energy Control and Prices” (hereinafter – the Commission) of 19.12.2014, including Resolutions No. O3-944, No. O3-945, No. O3-946 adopted on its basis and the Commission’s Resolution No. O3-960 of 23.12.2014 and to obligate the Commission to assess income not received by the Company and additional expenses sustained due to illegal upper price limits determined during the period of effect of these resolutions when determining the upper prices limits for the Company’s prices for the next periods.
The Company is examining the reasons of the court ruling and will make a decision on the appeal against it under the appellate procedure.
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