MILKILAND (MLK): Milkiland N.V. and JSC “Ostankino Dairy” received the information on filing the bankruptcy petition by PJSC Bank “Vozrogdenie” - raport 4

Raport bieżący nr 4/2017

Podstawa Prawna:
Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieї№ce i okresowe

The Board of Directors of Milkiland N.V. (“the Company") informs that the Company and JSC “Ostankino Dairy” (“Ostankino”) received the information that Public JSC Bank “Vozrogdenie” (“the Creditor”) filed the bankruptcy petition against Ostankino to Arbitrage Court of the City of Moscow dated 28 March 2017.

This petition claiming the introduction of surveillance procedure and the regime of temporary administration of Ostankino according to the Russian legislation, due to inability of Ostankino to repay the indebtedness to the Creditor in the total amount of RUB 309.2 million (EUR 5.13 million).

Based at the above mentioned petition, Arbitrage Court of the City of Moscow initiated the legal case on bankruptcy of Ostankino and assigned a date for the first hearings of this case for April 26, 2017.

On April 3, 2017, Milkiland N.V., as a sole owner of Ostankino, by its decision initiated the procedure of the voluntary liquidation of JSC “Ostankino Dairy” and assigned Ludmila Lovenetskaya, as a liquidator of Ostankino.

In order to assure a continuity of operations of Ostankino, new company LLC “Ostankino Dairy”, a 100% subsidiary of Milkiland Group, was incorporated. It will be responsible for servicing the contracts with the Group’s suppliers and clients in Russia.