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Reference is made to the Stock Exchange Notice dated 21 September
2009 in relation with the Notice from Kurdistan Regional Government(KRG).
The Notice dated 21 September 2009 from KRG is a direct consequence
of Oslo Stock Exchange (OSE) disclosing selective confidential
information to the media, which is causing the media to publish
speculative, misleading and incorrect information. This, according to
the KRG Notice, is causing unjustifiable and incalculable harm to the
reputation of the KRG and the Minister of Natural Resources. Dr.
Ashti A Hawrami.
Furthermore, OSE had no rights to disclose confidential information
relating to a foreign authority and one of its officials, without
consulting or advising the relevant Norwegian authorities or the KRG
itself.
The Board of DNO has submitted a letter to the Board of OSE
requesting that the suspension of trading the DNO shares must be
maintained for a few more days until the situation caused by the
notice from KRG is resolved. Until then the pricing of the shares
will be difficult and could lead to unpredictable price variations.
Despite such request from DNO and the fact that the Notice from KRG
is caused by the wrongful doings by OSE, the suspension of trading
the DNO shares has been lifted by OSE.
DNO is now in discussions with KRG with to resolve the situation as
soon as possible. According to the KRG Notice, the full rights to the
PSC will be reinstated once this has been achieved.
DNO is preparing for legal actions against OSE for damages as a
result of willful breach of confidentiality, and the Company expects
to submit a letter to OSE during the next few days.
The Board of Directors in DNO will now investigate strategic options
including moving the listing of the Company's shares to another
exchange. Such alternative listing may be the whole Company or
alternatively the Subsidiary holding the licenses within the
Kurdistan Region.
The content of this Stock Exchange Notice is without prejudice.
DNO International ASA
24 September, 2009
2009 in relation with the Notice from Kurdistan Regional Government(KRG).
The Notice dated 21 September 2009 from KRG is a direct consequence
of Oslo Stock Exchange (OSE) disclosing selective confidential
information to the media, which is causing the media to publish
speculative, misleading and incorrect information. This, according to
the KRG Notice, is causing unjustifiable and incalculable harm to the
reputation of the KRG and the Minister of Natural Resources. Dr.
Ashti A Hawrami.
Furthermore, OSE had no rights to disclose confidential information
relating to a foreign authority and one of its officials, without
consulting or advising the relevant Norwegian authorities or the KRG
itself.
The Board of DNO has submitted a letter to the Board of OSE
requesting that the suspension of trading the DNO shares must be
maintained for a few more days until the situation caused by the
notice from KRG is resolved. Until then the pricing of the shares
will be difficult and could lead to unpredictable price variations.
Despite such request from DNO and the fact that the Notice from KRG
is caused by the wrongful doings by OSE, the suspension of trading
the DNO shares has been lifted by OSE.
DNO is now in discussions with KRG with to resolve the situation as
soon as possible. According to the KRG Notice, the full rights to the
PSC will be reinstated once this has been achieved.
DNO is preparing for legal actions against OSE for damages as a
result of willful breach of confidentiality, and the Company expects
to submit a letter to OSE during the next few days.
The Board of Directors in DNO will now investigate strategic options
including moving the listing of the Company's shares to another
exchange. Such alternative listing may be the whole Company or
alternatively the Subsidiary holding the licenses within the
Kurdistan Region.
The content of this Stock Exchange Notice is without prejudice.
DNO International ASA
24 September, 2009
24/9 2009 09:24 cyber 019987 DNO sier i en meldinge at de har bedt Oslo Børs om å forlenge børspausen i et par dager til.
- Inntil situasjonen er løst vil prisingen av aksjene være vanskelig og kunne føre til store svingninger i kursen, heter det.
Oslo Børs vil ikke forlenge børspausen i DNO.
- Handelen i DNO vil starte kl 09. Suspensjonen av aksjen ble opphevet i går og dagens melding fra DNO endrer ikke på det, sier pressetalsmann Per Arne Olsen på Oslo Børs til StockLink.
Bli med å diskuter DNO på StockTalk!
DNO sier at de er i samtaler med KRG for å løse situasjonen så fort som mulig.
- Virker ikke som om DNO selv tar dette alvorlig, sier en StockTalk-bruker.
Varsler søksmål
DNO sier også at de forbreder juridiske handlinger mot Oslo Børs for skadene som de har påført selskapet. Selskapet vurderer også strategiske grep som kan inkludere å flytte selskapet til en annen børs.
- Vi mener de ikke har grunnlag for juridiske søksmål mot Oslo Børs. Vi har gjort jobben vår, sier pressetalsmann på Oslo Børs Per Arne Olsen til StockLink.
http://www.stocklink.no/Article.aspx?id=59097
- Inntil situasjonen er løst vil prisingen av aksjene være vanskelig og kunne føre til store svingninger i kursen, heter det.
Oslo Børs vil ikke forlenge børspausen i DNO.
- Handelen i DNO vil starte kl 09. Suspensjonen av aksjen ble opphevet i går og dagens melding fra DNO endrer ikke på det, sier pressetalsmann Per Arne Olsen på Oslo Børs til StockLink.
Bli med å diskuter DNO på StockTalk!
DNO sier at de er i samtaler med KRG for å løse situasjonen så fort som mulig.
- Virker ikke som om DNO selv tar dette alvorlig, sier en StockTalk-bruker.
Varsler søksmål
DNO sier også at de forbreder juridiske handlinger mot Oslo Børs for skadene som de har påført selskapet. Selskapet vurderer også strategiske grep som kan inkludere å flytte selskapet til en annen børs.
- Vi mener de ikke har grunnlag for juridiske søksmål mot Oslo Børs. Vi har gjort jobben vår, sier pressetalsmann på Oslo Børs Per Arne Olsen til StockLink.
http://www.stocklink.no/Article.aspx?id=59097
24/9 2009 09:36 collersteen 019988 Lidt analysekommentarer:
http://www.stocklink.no/Article.aspx?id=59101
http://www.stocklink.no/Article.aspx?id=59101
