The Oslo Stock Exchange imposes a violation charge on Sino Agro Food

On 2 November 2018, the Oslo Stock Exchange resolved to impose a violation charge on Sino Agro Food Inc. of NOK 700,000 for breach of the duty to disclose inside information to the market and other disclosure obligations.

The Oslo Stock Exchange passed the following resolution:
A violation charge is hereby imposed on Sino Agro Food Inc. for material breaches of the Continuing Obligations of companies admitted to trading on Merkur Market in an amount of NOK 700,000, cf. section 12.3 of the...

http://www.allaboutshipping.co.uk/2018/11/02/the-oslo-stock-exchange-imposes-a-violation-charge-on-sino-agro-food/

Revised Code of Practice for Corporate Governance

19/10/2018  – The Norwegian Corporate Governance Board has issued a revised Code of Practice on Corporate Governance.

The reasons for the revision are changes in laws and regulations, international development and experience with the use of the Code of Practice. A number of the changes aim at simplifying the Code of Practice. Other changes include the following:

  • Emphasis of the board of directors’ responsibility for defining objectives, strategies and risk profile, and for ensuring that these...

http://www.allaboutshipping.co.uk/2018/10/19/revised-code-of-practice-for-corporate-governance/

Oslo Børs: Opening a new marketplace for start-up companies

10/10/2018 – Oslo Børs’ subsidiary company NOTC is launching Family & Friends, a list for start-up companies and family businesses.

Start-up companies often have family and friends as a source of capital and as shareholders. The new Family & Friends list will enable companies for which this is the case to acquire new owners and investors, and will facilitate access to trading shares in such companies.

Family & Friends represents the first step towards the marketplaces operated by Oslo Børs and is...

http://www.allaboutshipping.co.uk/2018/10/10/oslo-bors-opening-a-new-marketplace-for-start-up-companies/

Oslo Børs: PoLight approved for listing

24/09/2018 – Oslo Stock Exchange has resolved to admit the shares in PoLight ASA to listing on Oslo Børs.

It is stipulated that the company prior to the first day of listing must satisfy the listing requirements on Oslo Børs.  If the requirements on Oslo Børs are not met, the company will be accepted for listing on Oslo Axess, provided that the listing requirements on Oslo Axess are satisfied.

The Chief Executive Officer of Oslo Børs determines the date of the first day of listing, which is to...

http://www.allaboutshipping.co.uk/2018/09/24/oslo-bors-polight-approved-for-listing/

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