Tallinn, Estonia, 2015-05-28 15:30 CEST (GLOBE NEWSWIRE) --
On May 28, 2015, the Listing and Surveillance Committee of NASDAQ OMX Tallinn decided to give a warning to AS Ekspress Grupp for violation of NASDAQ OMX Tallinn rules and regulations chapter Requirements for Issuers (hereinafter RI) clause 4.5.2.
Background:
According to RI clause 4.5.2 the Issuer is obliged to secure the members of the management board and the supervisory board and procurators of and Issuer and persons connected with them are not allowed to effect transactions in the Issuer’s securities for their own account or through an intermediary during a period starting one (1) week before to the end of the reporting period and ending one day after the disclosure of the financial results of the Issuer for the reporting period (closed window). If the Issuer is obliged to submit consolidated reports to the Exchange according to the provisions of these Requirements, the mentioned period ends on the day following the date of disclosure of the consolidated reports. For the purposes of these Requirements, a reporting period is understood as the period during which an Issuer regularly forwards to the Exchange the balance sheet and/or the income statement of the Issuer or its significant subsidiaries.
On February 27, 2015, AS Ekspress Grupp published its Q4 and 12 months consolidated reports for 2014.
On March 23, 2015, AS Ekspress Grupp published its consolidated audited report for 2014, which compared to the report published on 27th of February, contained the independent auditor´s report and proposal for profit allocation (for 2014).
On March 4, and March 18, 2015, before 2014 audited reports were published, HHL Rühm OÜ (company controlled by Hans H. Luik, member of the Supervisory Board of AS Ekspress Grupp) bought altogether 15 000 shares of AS Ekspress Grupp.
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