Committee's decision on ELMO Rent AS

Tallinn, Estonia, 2023-11-15 07:54 CET --


On November 14, 2023, the Listing and Surveillance Committee of Nasdaq Tallinn
decided to impose a fine in the amount of EUR 1,500 to ELMO Rent AS for
violation of Nasdaq Tallinn rules and regulations chapter First North Rules
(hereinafter FNR) clauses 1.1., 3.2., 3.6., 26.3.1. and 26.3.5. 

According to FNR chapters 1.1., 3.2. and 3.6. the Issuer admitted to trading on
First North market is subject to FNR Rules and to requirements of other legal
acts, including the legal acts that regulate the disclosure of information. The
Issuer shall comply with the requirements, incl. information disclosure
requirements as specified in FNR Rules. 

According to FNR chapters 26.3.1. and 23.3.5. the Issuer shall submit financial
report for six (6) months of the financial year to the Exchange; the interim
report shall be disclosed immediately after its approval by the Management
Board of the Issuer, however, not later than three (3) months from the end of
the reporting period. 



Circumstances:

The deadline for submitting 6 months' interim report of the first half of the
year 2023 for First North market issuers was September 30. ELMO Rent AS
published its' interim report on October 20. 



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