Lindex Group

Legal Proceedings Report • Jun 9, 2025

Inside information: Lindex Group settles the last dispute related to the restructuring process and will seek to end the restructuring programme

Inside information: Lindex Group settles the last dispute related to the restructuring process and will seek to end the restructuring programme

LINDEX GROUP plc, Inside Information 9.6.2025 at 14:00 EEST
Inside information: Lindex Group settles the last dispute related to the
restructuring process and will seek to end the restructuring programme

Lindex Group plc has settled the remaining dispute related to its restructuring
process with LähiTapiola Keskustakiinteistöt Ky. The dispute comprised two
separate claims between Lindex Group plc and its subsidiaries and LähiTapiola
Keskustakiinteistöt Ky and related to the amount of damages to be paid for the
termination of the lease agreement for Stockmann's department store in Tapiola.
The compensation to be paid is considered as restructuring debt.
Lindex Group has in 2022 made a provision of EUR 15.9 million of the disputed
claims in question. The settlement of the disputes will not impact Lindex
Group's adjusted operating result but will have a positive impact on Lindex
Group's operating result. After the settlement, all undisputed debts, confirmed
in their final amounts, will be duly paid as part of the restructuring process.
The settlement enables Lindex Group plc to seek ending the restructuring
programme. This process will be started in cooperation with the supervisor of
the restructuring programme by preparing an application to amend the
restructuring programme as soon as possible. The restructuring debts will be
paid after Helsinki District Court's decision concerning the amendments to the
restructuring programme is final. The supervisor has informed Lindex Group that
after the restructuring debts have been paid a final report on the
implementation of the programme, ending the restructuring, will be presented.
Following the settlement between Lindex Group and LähiTapiola
Keskustakiinteistöt Ky, Lindex Group's Board of Directors will review the impact
it will have on the Group's strategic assessment, which the Board previously
announced in September 2023. Lindex Group will provide an update on the
assessment when appropriate.
"Settling the last dispute enables Lindex Group to seek the ending the
restructuring programme, which is an important and positive milestone. It will
improve the Group's operational autonomy in both its daily business and long
-term development,” says Sari Pohjonen, Chair of Lindex Group's Board of
Directors. “The lengthy restructuring process has also impacted the ongoing
strategic assessment. Ending the restructuring programme also creates a new
outlook for the strategic assessment, which we continue to fully focus on in
order to evaluate the best long-term alternative for the Stockmann department
store business”.

LINDEX GROUP plc

Board of Directors

Further information:
Susanne Ehnbåge, CEO of Lindex Group
Via Group Communications & Investor Relations, MediaDesk tel. +358 50 389 0011
Jukka Naulapää, Chief Legal Officer of Lindex Group, 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 2024, the Lindex Group's revenue was EUR 940 million and it had some 5
750 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 (https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.
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