Reprimand to Danventures

Acquisition of equity holding and publication of the annual report

NASDAQ OMX Copenhagen has given a reprimand to Danventures A/S, as the company had not published the annual report for 2011 immediately after it had been approved by the company’s board cf. rule 4.6 (a) in the Rulebook for First North and that the company did not publish the annual report within the deadline of three months from the expiry of the reporting period cf. rule 4.6 (c) in Rulebook for First North.

Furthermore the exchange requested the company to publish the relevant information related to the transaction as soon as possible.

The complete decision is available in Decisions & Statements on the following link:

http://www.nasdaqomx.com/listing/europe/surveillance/copenhagen/

In order to ensure more transparency about the decisions from the exchange, decisions made by the exchange concerning a reprimand or a fine are published with the identity of the issuer. Sanctions of rule breaches on First North shows from the First North Rulebook rule 7.2.1 (e) and rule 7.1 (c). If a company, admitted to trading on First North, breaches the rules, the exchange can give a reprimand to the company, which the exchange shall publish.

For further information, please contact: Helene Gaustad Jeppesen, Surveillance, tel. 33 93 33 66