Telekom Slovenije

Legal Proceedings Report • Nov 5, 2019

Category: Inside information

Published on: SEOnet

Published at:  04.11.2019 08:20

Published document ID: INI-697/19

INI-686/19

TELEKOM SLOVENIJE, d.d., Ljubljana

Telekom Slovenije, d.d., received the decision of the Court of Arbitration of the International Chamber of Commerce (ICC)

Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange and the valid legislation, Telekom Slovenije, d.d., hereby publishes the following notification on receiving a decision in an important legal procedure:

On 31 October 2019 Telekom Slovenije, d.d., received the decision of the Court of Arbitration of the International Chamber of Commerce (ICC) in the arbitration procedure no. 23310/MHM between Telekom Slovenije, d.d., and Antenna Slovenia B.V. The procedure was launched to determine the purchase fee amount in exerising the put option by Antenna Slovenia B.V. for the sale of a 34% share in Antenna TV SL, televizijska dejavnost, d.o.o., to Telekom Slovenije, d.d.

The Court of Arbitration has ruled that Antenna Slovenia B.V. exercised its put option correctly, and has imposed on Telekom Slovenije, d.d., to pay EUR 17,595,000.00 with default interest and costs of the arbitration procedure for the 34% share in Antenna TV SL, televizijska dejavnost, d.o.o.

The ruling of the Court of Arbitration is final and binding for both parties.

The notification will also be available on the company’s website (www.telekom.si) for a period of at least 5 years.

Management Board,

Telekom Slovenije, d. d.

Date: 05.11.2019