Publication of annual announcement and lack of updating the webpage
NASDAQ OMX Copenhagen has to Nano Cover A/S reprimanded that the annual earnings
announcement was not published based on audited accounts within three months
after expiry, in accordance with rule 4.6 (c) in the First North Rulebook.
The Exchange had also reprimanded to Nano Cover A/S, that it did not have a
website which satisfied the Rule 4.3, in the First North Rulebook, since the
company's website for example did not include the company's recent
announcements, financial accounts in 2008, articles, etc., and generally
appeared as if this was not updated / used anymore.
The complete decision is available in Decisions & Statements on the following
link:
http://www.omxnordicexchange.com/companiesandissuers/surveillance/surveillanceco
penhagen/?languageId=1
In order to ensure more transparency about the decisions from the exchange, the
exchange decided, on 1 July 2008, to publish decisions made by the exchange
concerning a reprimand or a fine, 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. If a Certified Adviser breaches the rules, the exchange can give
a reprimand to the Certified Adviser, which the exchange can publish.
For further information, please contact: Mads Aaen, Surveillance, tel. 33 93 33
66
