euro adhoc: Meinl European Land Ltd.
Justice/Processes
Meinl European Land:
Announcement
UVS confirms FMA rulings against MEL directors with limitations
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
29.04.2008
Jersey, April 29th 2008. Meinl European Land ("MEL") announces that
the "Unabhängige Verwaltungssenat Wien" (UVS) has orally issued a
ruling in today´s appellate hearing against members of the Board of
Directors in which the findings of the FMA ("Austrian Financial
Market Authority") regarding the text of the ad-hoc release of July
27, 2007 were largely confirmed. However, the UVS explicitly limited
the relevant period to the day of July 27, 2007, while the FMA had
initially indicated a period from July 27, 2007 to August 23, 2007.The members of the Board of MEL will, after service of the written ruling, appeal to the "Supreme Administrative Court" because of procedural mistakes in the proceeding and an erroneous interpretation of the law applicable to the complex set of facts.
end of announcement euro adhoc
Further inquiry note:
Trimedia
Bernhard Hudik
+43-1-5244300
Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Standard Market Continous
Börsen: Wiener Börse AG / official market