10/10/2013 -At a meeting on 9 October 2013, The Stock Exchange Appeals Committee considered an appeal by IGE Resources AB against the resolution passed by Oslo Børs on 29 August 2013 that imposed a fine as set out in the Securities Trading Act § 5-2 (1) for breach of the duty to disclose information to the market, and for breach of the duty to publish a detailed announcement before the stipulated deadline, cf. Continuing Obligations section 3.4.
The Stock Exchange Appeals Committee has made the following resolution:
“The resolution dated 29 August 2013 made by the Board of Oslo Børs is confirmed.”
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