The Supreme Court of Finland dismisses all claims initiated against Finnlines by Ilmarinen

The Supreme Court Of Finland on December 29 sustained the judgment rendered by the Helsinki Court of Appeal on 29 November 2011 and dismissed all claims presented against Finnlines Plc by Mutual Pension Insurance Company Ilmarinen, Finnlines said on Tuesday.

In its action Ilmarinen had objected to the decision of Finnlines’ Annual General Meeting held on 20 May 2008 concerning minimum dividend and demanded that the resolution be amended so that the minimum dividend paid should have been EUR 17,181,000 instead of EUR 180,216.39.

The Supreme Court dismissed Ilmarinen's petition on the Court of Appeal's ruling and maintained said ruling in force.

The Supreme Court has ordered Ilmarinen to compensate Finnlines’ legal costs in the Supreme Court by an amount of EUR 28,734.75 together with interest at statutory rate.

The judgment is final and non-appealable.