Nordic Mines AB: Press release regarding notification from Nasdaq Stockholm
(Thomson Reuters ONE) -
Press release regarding notification from Nasdaq Stockholm
Because of proposed changes to the board of directors in Nordic Mines AB (publ),
as communicated on 1 June 2017 through press release regarding notice to annual
general meeting to be held on 30 June 2017, Nasdaq Stockholm has notified the
company that the proposed changes are deemed substantial changes to the
company's operations and would therefore trigger item 2.8 in the Nasdaq
Stockholm Rulebook for Issuers. The exchange has therefore decided that a new
listing process must be initiated. Such new listing process implies that a new
application to the Listing Committee must be submitted, that a stock exchange
auditor will be engaged to make an assessment as to whether the company fulfils
the listing requirements and that a full application fee must be paid. Based on
the above Nasdaq Stockholm has asked the board of directors to revert no later
than on Friday June 9, 2017, in writing with information on how the company
intends to proceed.
In accordance with the above, the board of directors will reply to Nasdaq
Stockholm no later than Friday June 9, 2017, on how to proceed to possibly avoid
triggering a new listing process.
One possible solution that would be discussed with NASDAQ would be current board
having secured participation of 4 current board members along with 3 new board
members suggested by Lau Su Holding AB, who would then be set for election at
the announced AGM. If this solution is agreeable with NASDAQ, an updated AGM
notice reflecting the changes will be issued separately. This solution would
also include current board having secured continued support from Legacy Hill
during a transitional period wherein a smooth hand over is provided by Legacy
Hill to New Management appointed by New Board.
For additional information, please contact:
Anneli Önneby
annelionneby(at)icloud.com
00 46 (0) 736-80 62 42
For more information about Nordic Mines, please visit www.nordicmines.com/.
Nordic Mines AB (publ) is obliged to make this information public pursuant to
the EU Market Abuse Regulation. The information was submitted for publication,
through the agency of the contact person set out above, at 5 June 2017 08.45
CEST.
Nordic Mines is a Nordic mining and exploration company. The Laiva mine in
Finland produced gold between 2011 and 2014. The deposit is among the largest in
the Nordic region. Nordic Mines is a member of SveMin and applies its reporting
regulations for public mining and exploration companies. The Nordic Mines share
has been admitted for trading on Nasdaq Stockholm's Small Cap list. For further
information, see www.nordicmines.com.
170605 NOMI Press Release:
http://hugin.info/138647/R/2110356/802070.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic Mines AB via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 05.06.2017 - 08:45 Uhr
Sprache: Deutsch
News-ID 546212
Anzahl Zeichen: 3551
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Nordic Mines AB: Press release regarding notification from Nasdaq Stockholm"
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