press center press release

Nasdaq Stockholm announces Dome Energy fine corresponding to seven annual fees

Published

The Disciplinary Committee has found that Dome neglected its disclosure obligations on numerous occasions, by not publishing information pertaining to the development of a transaction or changes in relation to information disclosed previously about a transaction as quickly as possible. Although the company has disclosed information in various forms, in certain respects this information has been contradictory and incomplete in that significant details were missing. Dome has thus contravened items 4.1 (a) and 4.2 (g) in the Rulebook.

Dome has also breached item 4.1 (a) of the Rulebook by not publishing an official notification of its annual meeting in the prescribed manner.

Further, Dome did not meet its obligation to hold its annual meeting within the time stipulated in the Swedish Companies Act, which according to the Disciplinary Committee, contributes to undermining confidence in the Exchange and the securities market, item 7.2.1 of the Rulebook.

Finally, based on the information disclosure that took place, particularly pertaining to the transaction in question, the Disciplinary Committee is of the opinion that Dome has failed to uphold a sufficient capacity to meet its information disclosure requirements and has thus not met the requirement of item 2.2.4 of the Rulebook.

The Disciplinary Committee finds that Dome’s breaches are to be regarded as serious and has thus ordered the company to pay a fine of seven annual fees to the Exchange.

The decision document in full, which comprises further information about the matter and the assessments, can be found here:

http://www.nasdaqomx.com/listing/europe/surveillance/stockholm/disciplinarycommittee/decisions/

Participating in the Committee’s decision were former Supreme Court Justice Marianne Lundius, Supreme Court Justice Anne-Christine Lindeblad, graduate economist Ragnar Boman, Director Jack Junel and Director Erik Einerth.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of USD 9.3 trillion and 18,000 corporate clients. To learn more, visit nasdaq.com/ambition or business.nasdaq.com.

Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

Media relations contact:

David Augustsson

+46 8 405 61 35

david.augustsson@nasdaq.com

In This Story

Nasdaq Press Center

Read the latest press releases, request a press kit, and get in touch with our press team.

learn more