Dutch Supreme Court rules in favour of Spyker Cars N.V.
Zeewolde, The Netherlands, 24 April 2009 - Today, the Dutch Supreme
Court (Hoge Raad) ruled in AFM's challenge of Spyker Cars N.V.'s
("Spyker" or "the Company") 2006 Annual Accounts. The Dutch Supreme
Court rejected the appeal lodged by the Autoriteit Financiële Markten
(AFM) in March 2008 against the ruling of the Enterprise Section of
the Court of Appeal (Ondernemingskamer), dated December 28, 2007. In
this ruling, the Enterprise Section of the Court of Appeal rejected
every single objection that the AFM had raised against Spyker's 2006
Annual Accounts.
The Enterprise Section of the Court of Appeal ruled that Spyker's
2006 Annual Accounts provide a true and fair view in accordance with
IFRS as adopted by the European Union. The Dutch Supreme Court
follows this ruling and rejected the appeal lodged by the AFM.
Victor Muller, Spyker's Chief Executive Officer, said: "It goes
without saying that we are very pleased with the outcome of the
Supreme Court case, which ruled unambiguously in our favour. We do
regret, however, that it had to come this far, because the damage
done to our company - particularly in 2007 when we were most
vulnerable - was substantial. Now that our Annual Accounts 2006 have
been confirmed to be true and fair, we can move on with our business,
which is making cars."
Note for the press, not for publication
For further information please contact:
Spyker Cars N.V.
Victor R. Muller, Chief Executive Officer
Lydia Altena, PR & Communication Manager
Edisonweg 2, 3899 AZ Zeewolde, The Netherlands
T +31(0)36 53 58 787
F +31(0)36 53 58 780
E press@spykercars.com
I www.spykerworld.com
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