Järvevana
The charges against AS Järvevana
Järvevana / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- On 3 April 2009 the Public Prosecutor's Office submitted a statement of charges to AS Järvevana and Toomas Annus (dated 31.03.2009) regarding the criminal proceedings no 05913000055 concerning the exchange of land. Despite the request submitted by the defence asking for the termination the proceedings due to the lack and unprovability of the necessary elements of a criminal offence in all episodes of suspicion the Public Prosecutor's Office has amended the statement of charges regarding submitted in suspicion (the stock exchange announcement of the company from 22.10.2007 http://www.nasdaqomxbaltic.com/market/?pg=details&instrument=EE3100003559&list=2 &tab=news&news_id=218499). The accuser has withdrawn both the suspicion according to which Toomas Annus abused the confidence of the company by not acquiring the real property being defended as well as the suspicion according to which the real estate acquired as a result of the exchange transaction was intermediated to a person indicated by Villu Reiljan. An additional episode has been added to the charges according to which AS Järvevana allegedly intermediated the exchange of two real estates with the state on the request of Kalev Kangur. According to the statement of charges, a total of five episodes will be discussed in the court. The Supervisory Board and Management Board of AS Järvevana are convinced that the company and its governing bodies have acted correctly and in compliance with the laws of the Republic of Estonia and they believe that they will be able to prove it in court as well. Tõnu Toomik AS Järvevana Chairman of the Supervisory Board News Source: NASDAQ OMX 09.04.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Järvevana Estonia Phone: Fax: E-mail: Internet: ISIN: EE3100003559 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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