AB “Klaipėdos nafta” (hereinafter – the Company) informs that the Court of Appeal of Lithuania issued a decision in a civil case No. e2A-803-912/2022 which annulled a decision of 8 April 2022 of Šiauliai Regional Court and adopted a new decision, i. e. satisfied the claim of the Klaipėda Regional Prosecutor's Office defending the public interest:
It should be noted that the Court of Appeal of Lithuania by its decision made conclusions inter alia that:
In the Company's opinion, although the Lithuanian Court of Appeal satisfied the claim, the court's decision basically supported the position expressed by the Company regarding the absence of harm and the fact that employees were not given the shares of the state but instead purchased by the Company from private individuals, whereas the demands of the prosecutor's office regarding the application of restitution and compensation of damages were not satisfied. It should be noted that the outcome of the case does not cause significant financial consequences for the Company and its employees, since restitution is not applicable and there is no need for the employees to return shares or compensate for damages. The Company will continue to assess whether to appeal this decision in the cassation instance.
Chief Administrative and Corporate Governance Officer Rytis Valūnas, +370-655-66421
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