The listed company AB Ångpanneföreningen and Getinge AB has contravened the rules that apply at OMX Nordic Exchange Stockholm by failing to disclose their financial statements in the correct manner. The Exchange's Disciplinary Committee has decided that each company will given a warning.
In accordance with OMX Nordic Exchange Stockholm's listing agreement, financial statement and interim reports must be published in a manner that ensures that the information is made available to the public rapidly and in a non-discriminatory manner. No later than simultaneously, the information shall be disclosed to the Exchange in the manner instructed by the Exchange and shall be made available on the company's website as soon as possible. The listed company is obligated to ensure that information concerning the report does not “leak” in advance.
Ångpanneföreningen published its financial statement for the full year 2007 on February 19, 2008 at 9:16 a.m. However, information from the report had been available from 9:05 a.m. on the company's web page and available at the news agency SIX at 9:07 a.m.
Getinge published its financial statement on January 28, 2008 at 12:17 p.m. for the full year 2007. However, information from the report had been available at 12:08 p.m. on the company's web page and available at the news agency Ticker at 12:13 p.m.
Both Ångpanneföreningen and Getinge have consequently been contravening the rules by making the financial statements available on the respective web pages before the formal disclosure. In contrast to recent incidents of a similar character, these incidents haven't resulted from faulty procedures by the respective companies, but rather to accidental errors in handling. The Disciplinary Committee found that the transgressions were less severe and it will only issue a warning to each of the companies.
The following persons participated in the Committee's decision: Johan Munck, Marianne Lundius, Madeleine Leijonhufvud, Hans Mertzig and Ragnar Boman.