Kurs & Likviditet
Beskrivning
| Land | Storbritannien |
|---|---|
| Lista | OB Match |
| Sektor | Råvaror |
| Industri | Olja & gas |
2022-04-11 06:30:00
Oslo, 11 April 2022: PetroNor E&P ASA ("PetroNor" or the "Company") has
previously announced that the National Authority for Investigation and
Prosecution of Economic and Environmental Crime in Norway (Økokrim) in December
2021 opened investigations into criminal charges and allegations of corruption
brought against individuals related to the Company, namely its previous CEO and
his business companion who together hold shares in the Company through their
holding companies. There are no further updates in relation to the
investigations against these individuals.
The Company has, however, received a notification from Økokrim that the
Company's Chairman of the Board, Mr. Eyas Alhomouz (US citizen), has been made
subject to the ongoing investigations carried out by Økokrim and has been given
the status as suspect, and that the U.S. Department of Justice has opened a
separate investigation into these allegations, based on information from
Økokrim.
As previously announced, no charges have been brought against PetroNor nor any
of its Group companies.
The Company takes anti-corruption and the matter at hand very seriously. The
Company has adopted the following remediation steps:
- Removing the individuals charged by Økokrim in December from business
operations
- Engaging independent legal counsel to support the board's governance and
compliance steps
- Initiating an independent fact-finding process to identify any misconduct and
to analyse the causes of underlying conduct
- Setting up a separate board sub-committee to support the board on the matter
at hand
- Assuring the further implementation of an effective anti-corruption and
compliance program, founded on its existing code of conduct, governing documents
and related policies
- Instigating other remedial actions as deemed relevant to the situation
The measures taken by the Company are led by the board sub-committee which does
not comprise any person subject to the charges or any investigation.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange announcement was published by Chris Butler, Group Financial
Controller of PetroNor E&P ASA on 11 April 2022 at 06:30 CEST.
For additional information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com