The Helsinki Court of Appeal has, in its decision dated May 15, 2025, dismissed the charge brought against Danko Končar concerning a securities market disclosure offence. In 2023, the Helsinki District Court had sentenced Končar to a conditional prison term.
However, the district court’s judgment did not become legally binding and was not enforceable. The alleged offence took place in April–May 2014. Under the Finnish Criminal Code, prosecution was no longer possible after the ten-year statute of limitations expired in May 2024. Therefore, further examination of Končar’s appeal by the Court of Appeal was deemed unnecessary, and the charge was dismissed. The state was ordered to reimburse Končar for legal costs incurred in both the district and appellate courts.
Končar has declined to comment on the matter.
The Company was not a party in the proceedings and therefore the Company will not comment the matter further.
For further information:
Lagman, Attorney Kai Kotiranta
Tel. +358 40 178 7220
IN HELSINKI, ON 22 MAY 2025
AFARAK GROUP SE
BOARD OF DIRECTORS
