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Provider: Reuters Investment Profile
Provider: Auerbach Grayson & Co., Inc.

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Listing and Surveillance Committee of NASDAQ OMX Tallinn Gives Warning to Ekspress Grupp AS

Friday, 15 Feb 2013 04:30am EST 

Ekspress Grupp AS (EG) announced that the Listing and Surveillance Committee of NASDAQ OMX Tallinn has decided to give a warning to EG for violation of NASDAQ OMX Tallinn rules and regulations chapter Requirements for Issuers (RI) clauses 1.2.1, 7.11.1 and 2.4.1. According clause 1.2.1, the issuer is obliged to secure disclosure of information stated in RI. According to clause 7.11.1, an issuer shall disclose a resolution on the partial or full acquisition of a holding in a company. According to clause 7.11.2, the disclosed notice on a resolution to a holding shall contain the business name, area of operation and a description of the business of the company in which a holding will be acquired; the size of the holding to be acquired and its percentage in the share capital of the company to be acquired; the purpose of the acquisition. According to RI clause 2.4.1, information is deemed disclosed when it is made public as a notice through the Exchange Information System. On December 14, 2012, EG published announcement via the information system of the exchange, stating that AS Delfi, the acquiring company, and Saarmann Meedia OU, the merged company, Management Boards signed a merger agreement. The acquiring company continues with the business name AS Delfi, as Saarmann Meedia OU was acquired by AS Delfi on March 4, 2011. EG has not published announcement on the acquisition of Saarmann Media OU. 

Company Quote

-0.04 -4.00%
22 Oct 2014