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Dalhoff Larsen & Horneman accepts fine for violation of obligation to announce inside information


Friday, 20 Dec 2013 08:40am EST 

Dalhoff Larsen & Horneman A/S (DLH):Accepts to pay a fine of 100,000 Danish crowns imposed on DLH after the Danish Financial Supervisory Authority reported DLH to the police for alleged violation of the company's obligation to announce inside information.Says the matter concerns the company's announcement published on Dec. 28, 2012 announcing that DLH had divested land and property in Belem, Brazil as of Dec. 21, 2012.Says DLH maintains the view that the company acted timely as the divestment in the company's opinion was not final on Dec. 21, 2012 but only shortly prior to the announcement.Says the company's management has decided not to pursue this point of view any further due to the financial and managerial resources this would require and decided to accept the fine in order that the matter can be finalized on Dec. 20. 

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24 Oct 2014