Member of the Board of Directors Inka Mero – Nokian Tyres plc disclosed the decision of the District Court

Musti Group plc                        Stock Exchange Release    10 June 2022 at 1.00 p.m.

Member of the Board of Directors Inka Mero – Nokian Tyres plc disclosed the decision of the District Court

Nokian Tyres plc, on whose Board of Directors Inka Mero, the current member of the Board of Directors of Musti Group Oyj, has been a member since 2014, has today announced:

‘The prosecutor pressed in the fall 2020 charges for a disclosure offence against Hille Korhonen, Raimo Lind, Inka Mero, Hannu Penttilä and Petteri Walldén, who acted as members of Nokian Tyres plc’s Board of Directors in 2015–2016 and against Ari Lehtoranta, who acted as President & CEO at the same time. The charges related to a stock exchange release given by the company on 29 February 2016, which was allegedly delayed. The prosecutor claimed a corporate fine against Nokian Tyres.

In addition, four persons who were employees at Nokian Tyres in 2015 were charged for abuse of inside information.

The District Court of Helsinki has dismissed all charges and claims by the prosecutor in its ruling from today.  

The company will not comment on the matter.’

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Musti Group in brief
Musti makes the life of pets and their owners easier, safer and more fun. We are the leading Nordic pet care company, and we operate an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. We offer a wide, curated assortment of pet products. We also provide pet care services such as grooming, training and veterinary services in selected locations.

Musti Group’s net sales were EUR 341 million in the financial year 2021. At the end of the financial year 2021, the company had 1,397 employees, 1.3 million loyal customers and 312 stores.