On May 27, 2015, Cassandra Oil AB published a press release with information that the annual report has been published and that the audit report deviates from the standard wording. According to the press release there are significant uncertainties regarding the company's financial situation which can lead to significant uncertainties about the company's ability to continue the ongoing operations. The company believes that the company has sufficient working capital for the next four months, i.e. until the end of September 2015. The current rules of First North state that a listed company can be given observation status if circumstance exists that results in material adverse uncertainty in respect of the company’s financial position.
With reference to what is stated above, NASDAQ OMX Stockholm AB has decided that the shares in Cassandra Oil AB (CASO, ISIN code SE0001234923, order book ID 025660) will be given observation status.
For further information about this exchange notice please contact Caroline Folke or Karin Ydén telephone + 46 8 405 60 00.