The Stockholm Stock Exchange stops distributing disclosures notices regarding changes in major holdings

As of July 1, 2007 the rules concerning disclosure of major holdings (flagging rules) is going to change in the Swedish market due to the implementation of the EU´s Transparency Directive. The current flagging rules from the NBK will cease to exist at that date and the disclosures regarding changes in major holdings are now regulated by the law regarding trading in financial instruments. 

The thresholds that apply from July 1, 2007 are 5, 10, 15, 20, 25, 30, 50, 66 2/3 and 90 per cent of the shares or votes of the company.

A disclosure notice shall be sent to the company involved and to the Swedish FSA (Finansinspektionen) not later then at the end of the trading day following the day of the transaction. Finansinspektionen is then responsible for publishing the information to the market. 

A disclosure notice should, if possible, be reported via the web site of the FSA by use of an e-identification. The e-identification requires a Swedish personal ID number and if such is not available the disclosure notice can be sent to Finansinspektionen by e-mail to marknadssystem@fi.se or by fax to +46 8 24 39 25.

For the full set of rules, please see Law (1991:980) regarding trading in financial instrument. If you have any questions regarding the interpretation of the rules, please contact Finansinspektionen on +46 8 787 81 44. 

With reference to the above mentioned change of the rules and the fact that Finansinspektionen will be responsible for publishing disclosure notices regarding changes in major holdings, the Stockholm Stock Exchange will cease to distribute these messages as from now.

Please observe that if you would like to receive disclosure notices regarding changes in major holdings after July 1, 2007 you will have to send an e-mail to flaggning.se@cision.com with your contact information

If you have any questions regarding this information, please contact Issuer Surveillance on +46 8 405 70 50.