STOCKHOLM, Jan. 28, 2004 (PRIMEZONE) -- Stockholmsborsen's handling of Intrum Justitia (Pink Sheets:INJJF).
In regard to an article appearing in the Internet edition of the Affarsvarlden business weekly concerning Stockholmborsen's handling of various issues about Intrum Justitia, Stockholmsborsen presents the following clarification:
The decision to list a company is made by Stockholmsborsen's Listing Committee. A member of the committee shall not participate in handling a case if the member faces a conflict of interest -- that is, if there is any circumstance in which the member's impartiality could be challenged.
Kerstin Hessius, President of Stockholmsborsen, is a member of the Listing Committee. Prior to the Committee's handling of the case regarding the listing of Intrum Justitia, Kerstin Hessius announced that she had a conflict of interest because her husband, Johan Hessius, had been a deputy member of the Board of Intrum Justitia. Accordingly, she did not participate in the Listing Committee's handling of the case.
The investigation regarding the erroneous financial reporting at Intrum Justitia's British subsidiary is handled entirely by Stockholmsborsen's surveillance function. For further information: Anders Ackebo, Head of Listing & Surveillance, Stockholmsborsen +46 730 775 225
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The following files are available for download:
http://www.waymaker.net/bitonline/2004/01/28/20040128BIT00900/wkr0001.doc
http://www.waymaker.net/bitonline/2004/01/28/20040128BIT00900/wkr0002.pdf