P/F Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) hereby needs to clarify statements made by Danish media company Berlingske Business in a news article published earlier today. The statements made in the news article have also been cited by several other news media.
Fee imposed by NASDAQ Copenhagen
In the news article, Berlingske Business states that a fee imposed by NASDAQ Copenhagen is around DKK 1 million. This is not correct, the issued fee was DKK 181,108. The fee has been settled.
Decision made by NASDAQ Copenhagen
The article gives the impression, that the decision made by NASDAQ Copenhagen, is a new one. The decision made by NASDAQ Copenhagen and referred to by Berlingske Business was dated and published 25th June 2019.
The Atlantic Petroleum Group acknowledges that there were issues as to making announcements in a timely manner in 2018.
The Group has acknowledged the reprimand and fee by NASDAQ Copenhagen. The procedures regarding announcements have been revised and improved to ensure that future announcements are compliant with NASDAQ Copenhagen regulations.
Atlantic Petroleum appointed a new CEO on 24th May 2019 and a new board of directors was elected on 25th July 2019.
Atlantic Petroleum in brief:
Atlantic Petroleum participates in oil and gas joint ventures with reputable, international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe Islands, and the Company currently has subsidiaries and offices in the UK. Atlantic Petroleum’s shares are listed on NASDAQ OMX Copenhagen and on the Oslo Stock Exchange.