Dome Energy has been ordered to pay a fine of TSEK 680 to Nasdaq Stockholm for breaching the disclosure obligation rules during 2015

Dome Energy AB. (Ticker: DOME) (herein after “Dome” and/or “the Company”) today announces that the company has been ordered to pay a fine corresponding to seven annual fees, SEK 679,574, to Nasdaq Stockholm for breaching the disclosure obligation rules.

The Disciplinary Committee finds that the Company violated the disclosure rules on the following points:

  • The information given on February 25, 2015 and May 22, 2015 has not been followed up with information on the final terms regarding the sale of Dome’s business in the US and a presentation of the continuing operations of the Company before the annual general meeting in June 2015. The Company has also failed to inform during the Autumn of 2015 on the changed circumstances regarding the fact that the closing of the sale was not going to materialise during the set time.
  • The Company has made the summon for the annual general meeting 2015 public via an announcement in Post- och Inrikes Tidningar on May 27, 2015 and the same information was not given until May 29, 2015 via a press release, which is against the rules.
  • The annual general meeting has not been held within the obliged six months´ timeframe.
  • The Company has not met the requirements to set up an organisation which was able to fulfil the requirements in the disclosure obligation rules. 

The complete conclusion of the Disciplinary Committee will be available within short on the website of Nasdaq Stockholm.

Paul Morch: ”Dome Energy has been fined due to poor communications during 2015. In hindsight, it is easy to see that we did not have the internal capacity to handle both Swedish and US management, merger financing, an oil market in turmoil and normal operations. We recognize that our communication and reporting was poor during 2015. I am the person responsible for our communication and I am sorry to have let our shareholders down. We have strengthened our US accounting team to make sure that financial reporting is on schedule. We have also implemented a new information policy.”

 

For further information, please contact:

Paul Morch, CEO

Tel: +1 713 385 4104

E-mail: [email protected]

 

This information is the kind of information that Dome Energy AB (publ) is obliged to publicize according to EU Market Abuse Regulations (MAR). The information was publicised, by the above contact person on September 30, 2016 kl. 08:30 CET.

Dome Energy’s certified adviser is Mangold Fondkommission AB tel +46 8 503 01 550