Oslo Børs has taken the decision to placeEnsurge Micropower ASA in Penalty Bench, cf. section 2.10.3 (1) of the Oslo Rule Book II.Ensurge Micropower ASA is placed in Penalty Bench with immediate effect due to failure to comply with Oslo Rule Book II section 4.1 regarding minimum market value. Penalty Bench is a special compartment where the securities of issuers that do not comply with the rules are placed. Oslo Børs will remove securities from Penalty Bench and allocate the securities to the normal compartment when the issuer has corrected the violation of the rules that was the reason for allocating the security to Penalty Bench.
Click here for more information
© Oslo Bors ASA, source