The Disciplinary Committee of Nasdaq Stockholm has decided that Petrogrand AB (“Petrogrand”) is to be delisted from First North. The delisting will take effect on February 4, 2016, which is two months from the date on which the Disciplinary Committee made its decision on the matter. Regarding the breaches of Nasdaq Stockholm’s Takeover Rules, the Disciplinary Committee considers that a very high fine should be levied. With respect to the far-reaching sanction for the breaches of First North’s Rulebook regarding the disclosure of information, the Disciplinary Committee decided that the special fine for the breaches of the Takeover Rules was to be set at the lowest amount of SEK 50,000.
2015:5 Petrogrand AB Press Release (EN)
2015:5 Petrogrand AB Decision (EN)
2015:5 Petrogrand AB Pressmeddelande (SE)