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CORRECTION OFFICIAL - FSA Sends Letter to Archer Ltd Regarding Late Filing


Tuesday, 15 Jan 2013 07:05am EST 

CORRECTED TO READ...published its quarterly report...instead of...published its annual report The Financial Supervisory Authority of Norway (Finanstilsynet; FSA) has sent Archer Ltd a final letter regarding a delay in the filing of its report for the third quarter 2012. Archer Ltd published its quarterly report after the deadline in the Act on Securities Trading (verdipapirhandelloven) § § 5-5, first paragraph. In accordance with the guidelines, the delay qualifies for a penalty. Finanstilsynet has, however, based on the fact that this is the first time the Company has been delayed and that the report was published before the stock exchange trading hours, elected not impose a penalty in this case. 

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