Status on lawsuit against Oslo Stock Exchange and investigation into DNO's sale of treasury shares in October 2008
(Thomson Reuters ONE) -
Reference is made to previous stock exchange notices related to the above
matters. DNO and DNO's representatives have fully supported the police
investigation into this matter.
The case against the Oslo Stock Exchange for the fine of NOK 800,000 for breach
of disclosure obligations has been appealed to the secondary court.
In order to protect the legal interests of DNO and the DNO representatives it
has been requested that the police either drop all investigation or present a
charge against DNO and the DNO representatives, the Managing Director Helge
Eide, and the Chairman, Berge Gerdt Larsen.
On 9 March, 2011, the police informed DNO and the DNO representatives, that DNO
and the DNO representatives in their opinion had breached the disclosure
obligations in 2008 towards the Stock Exchange and in relation to the Securities
Trading Act with respect to market manipulation allegations.
As far as DNO can tell the charge, which comes after 1 1/2 years of
investigation, is based on the same factual circumstances forming the basis of
the original decisions by Oslo Stock Exchange and the Oslo Stock Exchange
Appeals Committee.
Similar allegations from the Oslo Stock Exchange based on the same facts were
revoked by the Oslo Stock Exchange Appeals Committee in September 2009.
The board of DNO and the DNO representatives strongly disagree with these police
charges against the Company and these representatives of DNO. DNO will defend
itself and its representatives rigorously against such unfounded charges.
Oslo, 10 March 2011
DNO International ASA
Corporate Communications
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#1495890]
Unternehmensinformation / Kurzprofil:
Datum: 10.03.2011 - 07:01 Uhr
Sprache: Deutsch
News-ID 52302
Anzahl Zeichen: 2515
contact information:
Town:
Oslo
Kategorie:
Business News
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"Status on lawsuit against Oslo Stock Exchange and investigation into DNO's sale of treasury shares in October 2008"
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