Tallinn, Estonia, 2013-12-04 15:31 CET (GLOBE NEWSWIRE) --
On December 3, 2013, the Listing and Surveillance Committee of NASDAQ OMX Tallinn decided to impose a fine in the amount of 1 000 euros to AS Ekspress Grupp for violation of NASDAQ OMX Tallinn rules and regulations chapter Requirements for Issuers (hereinafter RI) clauses 1.2.1, 2.1.8 and 2.4.1.
Background:
According to RI clause 1.2.1 the Issuer is obliged to secure disclosure of information stated in RI in such a form and within such time limits as specified in RI.
According to RI clause 2.1.8 the Issuer shall not disclose information subject to disclosure according to these Requirements including inside information by any means through other channels including in reports, comments, interviews or other means until such information has been made public through the Exchange Information System except in cases when it is prescribed by the law. An Issuer is required to ensure that such information is made public by means provided in clause 2.4 of these Requirements.
According to RI clause 2.4.1 information is deemed disclosed when it is made public as a notice through the Exchange Information System.
On October 18, 2013, daily newspaper “Eesti Päevaleht” published invitation and agenda of the extraordinary general meeting of shareholders of AS Ekspress Grupp.
AS Ekspress Grupp published an Exchange Announcement containing the invitation and agenda of the extraordinary general meeting of shareholders only at 10:39 on October 18, 2013, substantially later than the newspaper had been made available to the readers.
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