Inactive Instrument

Baltika

Equities

BLT1T

EE3100145616

Apparel & Accessories Retailers

Harju County Court approved the compromise agreement signed with OÜ Kalaport

January 11, 2023 at 08:30 am

Harju County Court approved on 10 January 2023 the compromise agreement signed on 5 January 2023 by AS Baltika subsidiary Baltman OÜ and Kalaport OÜ, which ends the legal dispute between the two parties regarding the lease agreement for the Ivo Nikkolo store located at Suur-Karja 14 in Tallinn’s old town, which began in early 2021. The content of the dispute is described in more detail in the stock exchange announcement published by AS Baltika on 9 February 2021 and the information related to the compromise is disclosed in the 6 January 2023 stock exchange announcement.

With the compromise, both Kalaport OÜ and Baltman OÜ mutually waived all claims and Baltman OÜ will continue to fulfill the lease agreement, taking into account the differences agreed in the compromise, from 01.02.2023. The parties have agreed that the terms of the compromise agreement are confidential.

Brigitta Kippak
Chairman of The Management Board, CEO
brigitta.kippak@baltikagroup.com

Latest news about Baltika

KJK BLTK Takes Full Control of Estonian Fashion Company Baltika	29/08/23	MT
KJK BLTK Holding OÜ completed the acquisition of AS Baltika in a reverse merger transaction.	28/08/23	CI
Baltika Controlling Shareholder to Acquire Minority Interest	28/08/23	MT
KJK BLTK Holding OÜ signed an agreement to acquire AS Baltika in a reverse merger transaction.	25/06/23	CI
AS Baltika Reports Earnings Results for the First Quarter Ended March 31, 2023	31/05/23	CI
AS Baltika Auditor Raises 'Going Concern' Doubt	27/04/23	CI
AS Baltika Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	28/02/23	CI
AS Baltika Reports Earnings Results for the Full Year Ended December 31, 2022	28/02/23	CI
Estonia's Baltika, Kalaport Win Court Approval for Deal to Resolve Legal Dispute	11/01/23	MT
AS Baltika Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	04/11/22	CI
AS Baltika Appoints Margus Olesk to Its Management Board, Effective 1 November 2022	18/10/22	CI
Baltika Sells Some of Ivo Nikkolo Trademarks, Which It Continues to Use Under an Exclusive License	08/08/22	CI
AS Baltika Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	18/07/22	CI
AS Baltika Announces Executive Changes	22/06/22	CI
AS Baltika Announces Executive Changes	22/06/22	CI
AS Baltika Auditor Raises 'Going Concern' Doubt	20/06/22	CI
AB InBev to sell interest in Russia with $1.1 billion charge	22/04/22	RE
AB InBev to sell interest in Russia with $1.1 bln charge	22/04/22	RE
Brewer AB InBev to sell its interest in Russia	22/04/22	RE
Carlsberg expects $1.4 bln Russia writedown and lowers profit guidance	21/04/22	RE
AS Baltika Reports Earnings Results for the First Quarter Ended March 31, 2022	18/04/22	CI
AS Baltika Reports Earnings Results for the Full Year Ended December 31, 2021	28/02/22	CI
AS Baltika Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	28/02/22	CI
AS Baltika Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	19/10/21	CI
AS Baltika Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	19/10/21	CI

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Company Profile

Baltika AS is an Estonia-based company that specializes in the design, development, production and sales arrangement of the fashion brands of clothing. The Company operates under the brands of Monton, Mosaic, Baltman and Ivo Nikkolo. Its products are traded domestically as well as in Latvia, Lithuania, Poland, Ukraine and Russia. As of end of December 31, 2011, the Company had 115 stores in six markets in the Baltics and Central and Eastern Europe. As of December 31, 2011, Baltika AS was a parent company of the Baltika group, which consisted of the Company and its subsidiaries, including Baltika Poland Sp zoo, OY Baltinia AB, Baltika Sweden AB, OU Baltika Tailor, AS Virulane, OU Baltika TP and OU Baltika Retail and its subsidiaries OU Baltman, SIA Baltika Latvija, UAB Baltika Lietuva, OOO Kompania Baltman Rus and Baltika Ukraina Ltd. . On June 21, 2012, the Company merged with its wholly owned subsidiary, AS Virulane.

Sector

Apparel & Accessories Retailers

Calendar

17/07/2024 - Q2 2024 Earnings Release (Projected)

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