(MENAFN- GlobeNewsWire - Nasdaq) itemprop="articleBody">
Vilkyškių pieninė, AB (further the Company) informs that on 21th May of 2019 the Bank of Lithuania has made announcement regarding Linas Strėlis, who is member of the Company Board, claiming that he violated law.
It is stated that in 2018 Linas Strėlis making buy and sell transactions with Žemaitijos pienas, AB shares and encouraging his family members to do transactions violated European Parliament and Council Regulation regarding restriction of market misuse by using publicly undisclosed information.
Linas Strėlis has informed the Company that by conducting buy and sell transactions with Žemaitijos pienas, AB shares he knew no publicly undisclosed information related to Žemaitijos pienas, AB and held no position in Žemaitijos pienas, AB company. Therefore, he sees the decision of the Bank of Lithuania as illegitimate and invalid. Therefore, he plans to make an appeal regarding it to court by terms of the law.
The Bank of Lithuania fined Linas Strėlis by the amount of two hundred thousand euros.
The Company draws attention of market and investors that the investigation of the Bank of Lithuania is not related to the activities of the Company and / or the trade of its securities, the Company did not take part in it.
Vilija Milaseviciute
Economics and finance director
Phone: +370 441 55 102
MENAFN2305201900703653ID1098561566
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.