Anyksciai, Lithuania, 2015-02-27 15:23 CET (GLOBE NEWSWIRE) -- AB “ANYKŠČIŲ VYNAS” (hereinafter, the “Company”) hereby informs, that Lithuanian Court of Appeals by its ruling dated 25 February 2015 has terminated the civil case initiated under the claim of Plass Investments Limited regarding invalidation of the Agreement on purchase-sale of the boiler house and of the movable and immovable assets related thereto, concluded on 20 June 2013 by and between the Company (the seller) and the buyer, as well as on application of restitution, related to execution of this agreement (the Company and the buyer of the mentioned assets were included as the respondents in the case). Lithuanian Court of Appeals by the mentioned ruling approved a peaceful settlement agreement, concluded among the Company, the buyer of the mentioned assets and Plass Investments Limited, according to which Plass Investments Limited waived its appeal regarding the decision of Panevėžys Regional Court dated 2 December 2014 and all its claims lodged in a civil case. Also Lithuanian Court of Appeals abolished the decision of Panevėžys Regional Court dated 2 December 2014, adopted in this civil case (the Company has announced on the decision of Panevėžys Regional Court on 3 December 2014 by notification on material event).
Additional information is provided by director Audrius Zuzevičius, +370 381 50299.