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| | Copenhagen, 12 May 2009 |
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Information concerning accusation against CEO
NASDAQ OMX Copenhagen has reprimanded Horwath Revisorerne, because they did not
make sure that the company, at the time when the company became aware that the
prosecution had drawn up an indictment towards the CEO, publish a company
announcement hereof, alternatively contacted the exchange for a discussion of
the matter, see rule 5.2 in the First North Rulebook.
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: Pernille Burkal, Surveillance, tel. 33
93 33 66
