Hanfa files an indictment against the company Dalekovod d.d. on the basis of irregularities and illegalities identified in the supervisory procedure

Published on 7 February 2022

In view of the numerous enquiries and complaints of small shareholders sent to Hanfa during the past months, regarding the developments in the company Dalekovod d.d., and the role and authority of the Croatian Financial Services Supervisory Agency (Hanfa), Hanfa is hereby informing the public that, pursuant to indications from Hanfa’s notification of 10 September 2021, it has brought an indictment against the company Dalekovod d.d. before the Municipal Court in Zagreb, on the basis of irregularities and illegalities identified in the supervisory procedure. The illegalities concern a breach of the obligations imposed by (EU) Market Abuse Regulation, i.e. the non-disclosure of inside information that the company has received expressions of interest to participate in financial restructuring and that it has decided to conduct financial restructuring negotiations with one of the bidders, in which the company's largest creditor would participate.

As regards other circumstances related to Dalekovod d.d., Hanfa, in accordance with its authority, supervises the conduct of its supervised entities, including institutional investors and other related stakeholders and, where a breach of regulations from Hanfa’s scope of competence is identified, takes action in accordance with its powers. We would also like to point out that Dalekovod d.d. is obliged to submit regulated information to the publicly available Officially Appointed Mechanism for the central storage of regulated information (OAM), which is available on Hanfa’s website, as well as the Zagreb Stock Exchange.

We are hereby reminding the public that Hanfa has no supervisory authorities in relation to the application of the provisions of the Companies Act, nor is it competent to give opinions on the provisions of that Act.