Small Cap Danmark A/S: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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Small Cap Danmark A/S Announces Details on Charges Regarding Violation of Securities Act
Small Cap Danmark A/S announced that the Company and its subsidiary Portefoeljeselskabet A/S have been accused by Statsanklageren for Saerlig Oekonomisk Kriminalitet (SoeK) (State Prosecutor for Serious Economic Crime) of breaches of the Danish Securities Trading Act (market manipulation). A similar charge has been brought against Investeringsforeningen SmallCap Danmark. According to Finanstilsynet (Danish FSA) the companies have by a series of smaller equity trades in December 2009 and 2010 affected the year-end rates. In Finanstilsynet's opinion those trades did not represent a real demand for the shares but instead influenced the value of SmallCap Denmark A/S and Portfolio Company A/S' existing holdings of shares in the companies and the results in the financial statements. SmallCap Denmark A/S and Portfolio Company A/S deny the charges.
Latest Developments for Small Cap Danmark A/S
- Small Cap Danmark A/S Proposes FY 2012 Dividend of DKK 3.0 per Share
- Small Cap Danmark A/S Launches Internal Investigation in Connection With Charges Regarding Violation of Securities Act
- State Prosecutor for Serious Economic Crime Raids Small Cap Danmark A/S's Office
- Small Cap Danmark A/S Lowers FY 2011 Financial Guidance
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