NORDIC MONTHLY SURVEILLANCE REPORT DECEMBER 2012

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1 NORDIC MONTHLY SURVEILLANCE REPORT DECEMBER 2012 The rules of the exchange as well as the methodology of the surveillance are in substance harmonized between the NASDAQ OMX exchanges in the Nordic countries. Due to national regulations however, there might be differences. For the reader to be able to distinguish the differences, some of the articles will be marked with flags to highlight this circumstance. The Exchange refers to NASDAQ OMX as relevant in each local jurisdiction. All necessary forms and other relevant documents related to listings and issuer specific matters are available on NASDAQ OMX Nordic: or STOCKHOLM Issuer Surveillance On December 3, 2012, the shares of NOTE AB received observation status due to a public offer to the shareholders from Lifco AB. On December 5, 2012, the shares of Morphic Technologies AB received observation status due to the company being subject to a reverse takeover and subsequent material changes in its business and organization. On December 11, 2012, the shares of A-Com AB received observation status due to the company having applied for delisting of its shares from NASDAQ OMX. On December 20, 2012, the shares of Arctic Paper S.A. were admitted to trading on NASDAQ OMX. The company has its primary listing on the Warsaw Stock Exchange. On December 28, 2012, the preference shares represented by depository receipts of Alliance Oil Ltd were admitted to trading on NASDAQ OMX. Rottneros AB The company is subject to a public offer. Note AB The company is subject to a public offer. Morphic Technologies AB Due to the company being subject to a reverse takeover and subsequent material changes in its business and organization. A-Com AB The company has applied for delisting. Trading Surveillance Fourteen cases have been reported to the Swedish FSA during the month, in accordance with the Exchange s obligation to refer matters of suspected market abuse. Four of these cases concerned suspected illegal insider trading and the other ten cases concerned suspected market manipulation. Nordic Surveillance 1

2 Surveillance of financial reporting 2012 Category Annual report (shares) 3 (20) 5 (27) 0 (3) 0 (0) Interim reports (shares) N.A. 0 (0) 0 (0) 0 (0) Annual reports (bonds) 1 (2) 0 (0) 0 (0) 0 (0) Interim reports (bonds) N.A. 0 (0) 0 (0) 0 (0) Follow-up / other cases 1 (7) 0 (0) 1 (1) 0 (0) Category 1 - no remark Category 2 - remark regarding disclosure Category 3 - criticism Category 4 - statement of reprimand transferred to the disciplinary committee HELSINKI Four cases of possible market manipulation were forwarded to the Finnish FSA. Helsinki GeoSentric Oyj Uncertainty concerning the company's financial situation. Helsinki COPENHAGEN NASDAQ OMX has issued a reprimand to SSBV-Rovsing A/S as the company did not disclose its annual report within 3 months after the expiry of the financial year cf. rule in Rules for issuers of shares. NASDAQ OMX has issued a reprimand to DKTI A/S as the company had not disclosed change in the company s management as soon as possible cf. rule in Rules for issuers of shares. NASDAQ OMX has issued a reprimand to Vestjysk Bank A/S regarding that the bank had not maintained adequate procedures, controls and systems, in order to meet its disclosure obligations, cf. Rules for issuers of shares rule in comparison with rule NASDAQ OMX A/S has issued a reprimand to Placeringsforeningen Investin A/S for not having published the resolutions of the extraordinary general meeting immediately after the meeting took place, in accordance with the Rules for issuers of investment undertakings rule Matching halt was made in 6 Skagen funds due to a technical problem. The trading was resumed after the problem was resolved. Nordic Surveillance 2

3 Matching halt was made in 11 Sparinvest funds due to a technical problem. The trading was resumed after the problem was resolved. Matching halt was made in 8 Gudme Raaschou funds due to a technical problem. The trading was resumed after the problem was resolved. FormueEvolution I and II A/S have been transferred to the observation list as the companies have announced that they intend to apply for delisting from NASDAQ OMX. Jensen & Møller Invest A/S has been transferred to the observation list as the company has announced that Erik Olesens Ejendomsselskab A/S intends to make a voluntary, conditional, public offer on all shares in Jensen & Møller Invest A/S. KlimaInvest A/S has been transferred to the observation list as the company has announced that they have received a binding offer on the company's wind assets. Jeudan A/S has been transferred to the observation list as William Demant Invest A/S in accordance with Chapter 8 in the Securities Trading Act will make a takeover bid to the shareholders of Jeudan A/S. BioPorto A/S has been removed from the observation list as the company has stated that it no longer is in a financial critical situation. Nordic Surveillance 3

4 Jeudan Formueevolution II Formueevolution I Jensen & Møller Invest KlimaInvest Nordicom Jeudan A/S has been transferred to the observ ation list as William Demant Invest A/S in accordance with Chapter 8 in the Securities Trading Act will make a takeover bid to the shareholders of Jeudan A/S within 4 weeks from today. FormueEvolution I A/S and FormueEvolution II A/S have been transferred to the observation list as the companies have announced that they intend to apply for delisting from NASDAQ OMX of the companies shares. FormueEvolution I A/S and FormueEvolution II A/S have been transferred to the observation list as the companies have announced that they intend to apply for delisting from NASDAQ OMX of the companies shares. Jensen & Møller Invest A/S has been transferred to the observation list as the company has announced that Erik Olesens Ejendomsselskab A/S intends to make a v oluntary, conditional, public offer on all shares in Jensen & Møller Invest A/S. KlimaInv est A/S has been transferred to the observ ation list as the company has announced that they have received a binding offer on the company's wind assets. Nordicom A/S has been transferred to the observation list as the company has lost more than half of the share capital. Neurosearch NeuroSearch A/S has been transferred to the observation list as the company has lost more than half of the share capital. Nordic Shipholding A/S Due to uncertainty about the company's financial situation. Sparekassen Lolland A/S Due to uncertainty about the company's financial situation. Totalbanken A/S Due to uncertainty about the company's financial situation. Erria A/S Due to uncertainty about the company's financial situation. TORM A/S Due to uncertainty about the company's financial situation. DKTI The company has announced that SmallCap Denmark A/S has signed a conditional agreement with a group of investors concerning the sale of its shares in DKTI A/S. Danionics Uncertainty concerning the company's financial situation. Udviklingsselskabet af Uncertainty concerning the issuer's financial position Rovsing Uncertainty concerning the issuer's financial position ICELAND Iceland Íbúðalánasjóður Due to uncertainty regarding the price information of the bonds. Iceland Fljótsdalshérað Uncertainty concerning the issuer's financial position. Iceland HS Orka hf Uncertainty concerning financial restructuring. Iceland Jeratún ehf Uncertainty concerning the issuer's financial position. Iceland Reykjanesbær Uncertainty concerning the issuer's financial position. Iceland Eignarhaldsfélagið Farice Uncertainty concerning the issuer's financial position. Iceland Reykjaneshöfn Uncertainty concerning the issuer's financial position. Iceland Sveitarfélagið Álftanes Uncertainty concerning the issuer's financial position. Iceland Nordic Surveillance 4

5 FIRST NORTH On December 12, 2012, the shares of Bore Tech AB (First North ) received observation status, due to the company having applied for delisting of its shares from NASDAQ OMX First North. On December 17, 2012, the trading in the shares of Hansa Medical AB were halted. The trading was resumed on December 18, 2012, following a press release from the company regarding a development partner having launched a CE-marked ELISA assay for measurement of Heparin Binding Protein, HBP. On December 21, 2012, the shares of Russian Real Estate Company AB (RURIC) received observation status, due to uncertainty regarding the company s financial situation. On December 27, 2012, the shares of Selena Oil & Gas Holding AB received observation status, due to the company having disclosed information regarding an unauthorized new share issue in one of the company s subsidiaries, OOO Selena-Perm. NASDAQ OMX has issued a reprimand to Aqualife A/S (First North ) regarding that the company did not publish two announcements as soon as possible in accordance with 4.2 (a) and 4.10 Rulebook of First North. The announcements concerned the funding of the company and changes in the Board of Directors. First North ChronTech Pharma Due to uncertainty about the company's financial situation. Kancera Due to uncertainty about the company's financial situation. Aqualife The company announced it will seek to raise capital as soon as possible in order to generate sufficient capital resources for continued operation of group activ ities. KIF Håndbold Elite The company has lost more than half of the share capital. Wirtek The company has lost more than half of the share capital. BoreTech AB Board of Directors have decided to apply for a delisting of the company from First North. RURIC AB Due to uncertainty about the company's financial situation. Selena Oil & Gas Due to uncertainty about the company's assets Nordic Surveillance 5

6 CONTACTS Issuer Surveillance (switchboard) Helsinki (switchboard) Island (switchboard) Trading Surveillance Helsinki (switchboard) Island (switchboard) Nordic Surveillance Nordic Surveillance 6

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