Disclosure of company announcement
NASDAQ OMX Copenhagen has given a reprimand to KIF Håndbold Elite A/S as the company did not disclose the company announcement to the market as soon as possible after the Board of Directors had approved the budget for the financial year 2012/2013 and the expected result for the financial year 2011/2012 plus the fact that the announcement was made available on the company's website prior to the disclosure cf. rulebook for First North rules 4.1 (a), 4.2 (a) and 4.2 (d).
The complete decision is available in Decisions & Statements on the following link:
In order to ensure more transparency about the decisions from the exchange, decisions made by the exchange concerning a reprimand or a fine are published with the identity of the issuer. Sanctions of rule breaches on First North shows from the First North Rulebook rule 7.2.1 (e) and rule 7.1 (c). If a company, admitted to trading on First North, breaches the rules, the exchange can give a reprimand to the company, which the exchange shall publish.
For further information, please contact: Jakob Kaule, Surveillance, tel. 33 93 33 66