Former CEO and Board member Fredrik Zetterström has called for arbitration against Latvian Forest Company AB.
LFC informs that this past CEO and board member Fredrik Zetterström has called for arbitration against Latvian Forest Company AB regarding profit sharing corresponding to EUR 378,500. According to Fredrik Zetterström from the profit sharing agreement signed on December 3, 2009.
Latvian Forest Company AB’s Board of Directors opposes the requirements that Fredrik Zetterström addresses the company. The Company’s Board of Directors has hired legal advisers to be represented in connection with any possible legal action by the counterparty.
For further information contact
Aleksandrs Tralmaks, CEO
+37129203972
[email protected]
Or visit our website: www.latvianforest.se
This information is such information that Latvian Forest Company AB (publ) is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication on May 17, 2019 at the time of the above contact person.