ESTAR (EST): Announcement - raport 59

Raport bieżący nr 59/2019

Podstawa Prawna:
ENEFI Energy Efficiency Plc. (“Company”) hereby informs its Honourable Investors that on

the basis of Paragraph (2), Article 57. of the Capital Market Act if false data is published

about the issuer, then it shall be obliged to publish the real data.

The article published on Portfolio.hu today (https://www.portfolio.hu/vallalatok/elutasitotta-aroman-

birosag-az-enefi-leanyvallalatanak-keresetet.4.330015.html) incorrectly states that the

T"rgu Mures Tribunal has made a judgement in the repeated hearings of the lawsuit between

E-Star Mures Energy and the Municipality of T"rgu Mures at first instance, rejecting the

action filed by E-Star Mures Energy.

As opposed to the above, the decision in the lawsuit for the compensation of damages against

the Municipality of T"rgu Mures is expected today as the Company previously informed the

public. Although only a first instance decision is expected, i.e. it is neither final, nor

executable but considering that the second instance court decided that Mures had legitimately

terminated its agreement concluded with the Municipality of T"rgu Mures and therefore it is

eligible for compensatory damages, the significance of the decision of the repeated first

instance lawsuit goes beyond a simple first instance decision. Due to the foregoing, ENEFI

Plc initiated the suspension of the trading of its shares yesterday at the Budapest Stock

Exchange for Friday.

The announcement of ENEFI published this morning was about a much less significant

decision, i.e. the first instance decision of an approx. 35 million VAT claim. Neither the scope

of the lawsuit nor the parties thereof are the same and the amount is insignificant compared to

the lawsuit for the compensation of damages against the Municipality of T"rgu Mures.

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