Pozavarovalnica Sava dd : Receipt of Claim Filed by Zvonko Ivanušič for Annulment of Supervisory Board Resolution
October 14, 2016 at 10:19 am EDT
Share
Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and applicable legislation, Sava Re, d.d., Ljubljana announces the following:
On 14 October 2016 Sava Re, d.d., received a claim filed by Zvonko Ivanušič with the Ljubljana District Court for annulment of supervisory board resolution on his recall from the position of chairman and member of the management board, annulment of entry of the change of representatives into the court register, return to the position of chairman of the management board and payment of non-pecuniary damages.
The Company will file a defence to the claim filed by Zvonko Ivanušič within the statutory due date. The Company will not comment on the case while legal proceedings are ongoing.
This announcement will be available on the Company's website at www.sava-re.si, at least five years from the date of the announcement.
Pozavarovalnica Sava d.d. published this content on 14 October 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 October 2016 14:19:03 UTC.
Original documenthttp://www.sava-re.si/en/media-centre/news/1467/receipt-of-claim-filed-by-zvonko-ivanusic-for-annulment-of-supervisory-board-resolution/
Public permalinkhttp://www.publicnow.com/view/B790668DA0957F13C041ED8E70FBDB702B4703E1
Pozavarovalnica Sava dd (or Sava Reinsurance Plc), also known as Sava Re dd, is a Slovenia-based reinsurance undertaking. It operates as a parent company of Sava Re Group, which comprises direct insurance and pension undertakings. The Companyâs activities are divided into four segments: Reinsurance operations, Non-life insurance operations, Life insurance operations and Other business segment. The Reinsurance operations segment comprises treaty and facultative arrangements for intra-group clients and insurance and reinsurance partners worldwide. The Non-life insurance operations segment supports local markets with non-life insurance products and customer oriented services. The Life insurance operations segment is focused on life protection and saving products, including pension schemes. The Other business segment comprises operations of the Companyâs non-insurance subsidiaries. Sava Re Group operates through subsidiaries in Slovenia, Croatia, Serbia, Macedonia, Montenegro and Kosovo.