"This judgement says that we acquired the shares during the company's ownership transformation, which means that local units have 25 per cent plus one share and that we are entitled to have our say in decision making which concerns the LRH," Opatija Mayor Ivo Dujmic told reporters on Saturday commenting on the ruling.
HANFA said yesterday it had received the ruling which quashed its June 4, 2009 decision under which Opatija, Lovran, Moscenicka Draga, Matulji and the company which they had set up, Nova Liburnija, should have made a tender offer for the LRH on June 14, 2007.
HANFA yesterday also adopted a decision temporarily suspending the trading in LRH shares on the Zagreb Stock Exchange until 1 p.m. on July 9.