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2020-09-17 17:29:59
The Oslo Stock Exchange passed the following resolution: “The Oslo Stock Exchange considers that Lavo.tv AS., issuer of shares with ISIN NO 0010793326, is not suitable for listing on Merkur Market, and has resolved to delist the shares from trading, cf. section 12.1 of the Continuing Obligations, cf. section 9-30 (1) of the Securities Trading Act. The last trading date for the Company’s shares will be 30 October 2020.” The Oslo Stock Exchange’s resolution to delist a company from Merkur Market cannot be appealed. A brief summary of the case: The Oslo Stock Exchange considers that Lavo.tv is not suitable for listing on Merkur Market due to repeated and gross violations of the Merkur Market rules, including former breach of the disclosure obligations, financial reporting and breach of the fit and proper requirement for the company’s management.