Helsinki District Court has passed a court decision in a dispute between LähiTapiola Keskustakiinteistöt Ky and Stockmann AS

LINDEX GROUP plc, Inside Information 25.10.2024 at 16:45 EEST

 

Helsinki District Court has passed a court decision in a dispute between LähiTapiola Keskustakiinteistöt Ky and Stockmann AS

 

A court decision has today been received by the Helsinki District Court in a dispute between LähiTapiola Keskustakiinteistöt Ky and Stockmann AS concerning the amount of compensation for the termination of the lease of business premises located in Stockmann’s department store in Tapiola in accordance with the restructuring process.

 

Helsinki District Court has in its court decision confirmed that the compensation to be paid to LähiTapiola Keskustakiinteistöt Ky is compliant with the restructuring programme and that the amount is EUR 3 452 017. The compensation has already been paid to LähiTapiola Keskustakiinteistöt Ky. The paid compensation was Lindex Group’s plc’s restructuring debt.

 

The court decision is not legally binding.

 

In Lindex Group plc’s restructuring process, there is only one dispute remaining with LähiTapiola Keskustakiinteistöt Ky.

 

LINDEX GROUP plc

 

Susanne Ehnbåge
CEO

 

Further information:
Jukka Naulapää, Chief Legal Officer, tel. +358 9 121 3850

 

Distribution:
Nasdaq Helsinki,
Principal media

 

Lindex Group plc is an international multichannel retail group with two divisions: Lindex and Stockmann. Lindex is a global fashion company with a purpose to empower and inspire women everywhere. Its three strong categories include women’s and kids’ wear as well as lingerie, where it is a market leader in the Nordics. Stockmann is a premium multi-brand retailer with department stores in Finland and the Baltics. Its purpose is to be a marketplace for a good life. In 2023, the Lindex Group’s revenue was EUR 952 million and it had some 5 800 employees. The Group’s roots lie in the Stockmann company founded in 1862 and its shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.lindex-group.com