Regarding recent events with Valjaonica Bakra Sevojno the Supervisory Board is issuing the following statement:
In recent months VBS has been under enormous pressure due to an attempted hustle takeover of our Company. Such attempts were conducted through legal and illegal means in an effort to acquire the Company by damaging its reputation and therefore causing its insolvency.
Our company has sustained and deflected all pressures and coercion. Courts have now stopped these activities and our Company continues to operate successfully. We are producing great results in this post Covid year.
Against all participants in this unlawful campaign, we have filed, or are in the process of filing Criminal complaints to authorities.
We can ensure all employees, creditors, and partners of VBS that our company is stable, and that it will continue to operate even more successfully for the time to come.
August 23, 2021.