DNO withdraws appeal
(Thomson Reuters ONE) -
Reference is made to the Stock Exchange Notices of 21 December 2010 and 10 March
2011.
In a ruling dated 17 September 2009, the Oslo Stock Exchange Appeals Committee
imposed a fee on DNO in the amount of NOK 942,228 for breach of the duty to
provide information pursuant to Section 24(7) of the Stock Exchange Act. The
alleged breaches were related to a transaction in 2008.
The decision was brought to court by the DNO board at that time, but the Oslo
City Court dismissed the appeal in December 2010.
The court decision was appealed by DNO in February 2011, but the new board of
directors in DNO (elected in June 2011) has decided to withdraw the appeal and
thus pay the fee and related costs.
The withdrawal of the appeal is part of a process initiated by DNO´s new board
to improve governance and reduce unnecessary litigations.
Oslo, 20 January 2012
DNO International ASA
Corporate Communication
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DNO International ASA via Thomson Reuters ONE
[HUG#1579118]
Unternehmensinformation / Kurzprofil:
Datum: 20.01.2012 - 15:01 Uhr
Sprache: Deutsch
News-ID 106262
Anzahl Zeichen: 1747
contact information:
Town:
Oslo
Kategorie:
Business News
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