Copenhagen, 24 November 2010
Failure to publish qualified auditor's report
NASDAQ OMX Copenhagen has given a reprimand to KIF Håndbold Elite A/S as the
company did not publish the qualified auditor's report through First North
immediately after it had been submitted to the company; cf. the First North
Rulebook rule 4.7.
The complete decision is available in Decisions & Statements on the following
link:
http://www.nasdaqomx.com/listingcenter/nordicmarket/surveillance/copenhagen/
In order to ensure more transparency about the decisions from the exchange,
decisions made by the exchange concerning a reprimand or a fine are published
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 Gram, Surveillance, tel. 33 93
33 66
