On 28 November 2023, AS Tallinna Sadam (hereinafter referred to as "Tallinna Sadam") submitted an application to initiate bankruptcy proceedings of MPG AgroProduction OÜ (hereinafter referred to as "MPG"). On 19 January 2024, the debtor submitted its reorganization application. On 12 August 2024, reorganization proceedings of MPG were terminated by the Supreme Court's order and on 15 October 2024 the bankruptcy of MPG was declared. On 14 November 2024, MPG filed an appeal with the Tallinn Circuit Court agai ...

Legal Proceedings - The Harju County Court terminated criminal proceedings against former management board members of AS Tallinna Sadam due to expiration of the limitation period, acknowledging participation in corrupt agreements but classifying them as private sector corruption [1] - The Tallinn Circuit Court partially annulled the Harju County Court's decision, agreeing with the prosecutor's office and victims that certain acts must be reclassified, but upheld that Ain Kaljurand and Allan Kiil were not public officials [2] Company Overview - Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, providing passenger and freight services, and operating in shipping through subsidiaries [5] - Subsidiary OÜ TS Laevad offers ferry services between the Estonian mainland and islands, while OÜ TS Shipping charters the vessel Botnica for icebreaking and offshore services [5] Financial Impact - The management board believes that the legal events will not materially affect the Group's financial performance or position [4]