Legal Proceedings Report • Feb 9, 2018
Legal Proceedings Report
Open in ViewerOpens in native device viewer
| To: | The Romanian Financial Supervisory Authority Financial Instruments and Investments Sector |
|---|---|
| The Bucharest Stock Exchange Regulated Spot Market, Category Int'l (Shares) |
|
| From | DIGI COMMUNICATIONS N.V. |
pursuant to Law no. 24/2007 on issuers of financial instruments and market operations and to the Romanian National Securities Commission Regulation no. 1/2006 on issuers and operations with securities, as subsequently amended and supplemented and the provisions of Article 99 of the Bucharest Stock Exchange Code, Title II, Issuers and Financial Instruments
| Report date: | 9 February 2018 |
|---|---|
| Name of the issuing entity: | (the "Company") DIGI COMMUNICATIONS N.V. |
| Statutory seat: | Amsterdam, The Netherlands |
| Visiting address: | Bucharest, 75 Dr. N. Staicovici, Forum 2000 Building, Phase I, 4th floor, 5th District, Romania |
| Phone/Fax number: | +4031.400.65.05/ +4031.400.65.06 |
| Registration number with The Netherlands Chamber of Commerce Business Register and Dutch Legal Entities and Partnerships Identification Number (RSIN): |
Registration number with The Netherlands Chamber of Commerce Business Register: 34132532/29.03.2000 RSIN: 808800322 |
| Romanian Tax Registration Code: | RO 37449310 |
| Share Capital: | EUR 6,918,042.52 |
| Number of shares in issue: | 100,000,000 (out of which (i) 65,756,028 class A shares with a nominal value of ten eurocents (€ 0.10) each and (ii) 34,243,972 class B shares, with a nominal value of one eurocent (€ 0.01) each) |
| Number of listed shares: | 34,243,972 class B shares |
| Regulated market on which the issued securities are traded: |
Bucharest Stock Exchange, Main Segment, Category Int'l (Shares) |
Important events to be reported: Dismissal by the US court of the claim brought by certain US citizens against the Company, RCS & RDS S.A., RCS Management S.A., DIGI Távközlési és Szolgáltató Kft, and its subsidiary, i-TV Digitális Távközlési Zrt. for lack of subject matter jurisdiction
In connection with the claim brought by certain US citizens against the Company, RCS & RDS S.A., RCS Management S.A., DIGI Távközlési és Szolgáltató Kft, and its subsidiary, i-TV Digitális Távközlési Zrt. (the "Defendants") in the United States District Court for the Eastern District of Virginia – Alexandria Division (the "US Court"), which we have previously disclosed in our periodic reports, the Company would like to inform its investors and the market that, on 8 February 2018, the US Court granted the Defendants' motion to vacate and dismissed the entire lawsuit for lack of subject matter jurisdiction. The US Court also vacated all prior orders entered in the case. This order may be appealed to the United States Court of Appeals for the Fourth Circuit within 30 days. The Company welcomes the US Court's decision and will continue to vigorously defend against any of these plaintiffs' allegations that are vexatious and groundless if the dismissal is ultimately appealed.
Serghei Bulgac
Chief Executive Officer
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.