Ginger Oil AB receives observation status (24/16)


Today, on February 5, 2016, Ginger Oil AB (the “Company”) published a press release with information that its subsidiary Ginger Oil Company Inc has applied for a proceeding according to Chapter 11 (Sw. företagsrekonstruktion) due to that Ginger Oil Company Inc is not able to fulfil its obligations under a loan facility. 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 Stockholm AB has decided that the ordinary shares in Ginger Oil AB (GOIL, ISIN code SE0005095643, order book ID 097083) and the preference shares in the Company (GOIL PREF, ISIN code SE0005034725, order book ID 097084) will be given observation status.

For further information about this exchange notice please contact Elin Nyquist or Karin Ydén, telephone + 46 8 405 60 00.