At a meeting on 23 May 2012, The Stock Exchange Appeals Committee considered an appeal by Cecon ASA against the resolution passed by Oslo Børs on 29 February 2012 that imposed a fine for breach of Continuing obligations of stock exchange listed companies section 11.4, first paragraph (duty to list new shares without unnecessary delay) and second paragraph (duty to disclose information regarding change to increase in share capital).
The Stock Exchange Appeals Committee has made the following resolution:
“Oslo Børs resolution dated 29 February is confirmed.”
Contact person: Chair of the Stock Exchange Appeals Committee, Attorney-at-Law Bjørg Ven, Tel: +47 22 43 30 00.
The Stock Exchange Appeals Committee is an independent committee, appointed by the Ministry of Finance. Oslo Børs is involved only to publish the Committee’s resolution on behalf of the Committee.