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Last day of trading for Abaris Ejendomme A/S
The trading in Abaris Ejendomme A/S will end due to the reasons mentioned below.
Last day of trading will be on 19 November 2007.
Shortname: ABARIS
ISIN: DK0060081271
Orderbook ID: 40477
The stock is being delisting, due to the fact that First North repeatedly has requested the
management of the company to get a statement regarding the conditions within the company,
including the allegations that were published through the press on 18 October and 19 October 2007,
the matter in question apparently being the main activities of the company. First North has not
succeeded in getting this information.
The Certified Adviser for Abaris Ejendomme, Nordic Corporate Finance, announced on 19 October
2007, that they no longer wished to be Certified Adviser for Abaris Ejendomme A/S. Furthermore
the Certified Adviser stated that the chairman of the board of directors, Dan Terkildsen, and member
of the board of directors, Michael Eide, resigned from the board on 19 October 2007.
The CEO of the company, being the only remaining member of the board, Kaj Thisted, announced
on 29 October 2007 that he had resigned from the company’s management. Therefore the company
is without a Certified Adviser, management and board of directors.
In the light of the additional insecurity concerning the company’s situation on 29 October 2007, First
North suspended the trading of the shares in Abaris Ejendomme. The trading with the company’s
shares is still suspended.
With effect from 20 November 2007, First North has decided to delete the company’s shares from
the trading on First North. The deletion is carried out on the basis of section 7.2.2 in Rulebook for
First North and the Securities Trading Act section 42e (1).
The decision of the deletion is based on the following:
• There is decisive insecurity concerning the conditions of the company.
• First North has repeatedly tried to contact the management of the company to get a
clarification of the conditions of the company. This has not been possible.
2(2)
• The company’s Certified Adviser has left the company with reference to the fact that it was
not possible to get access to information from the company and therefore the Certified
Adviser were not able to fulfil their obligations.
• Both the board of directors and the management of the company have decided to leave the
company with reference to the insecurity that has arisen.
• Initiative has not been taken, to re-establish the managerial situation of the company.
• A company on First North must have the right organization and the right employees to fulfil
the demands, concerning disclosure of information to the market. This is not the case for
Abaris Ejendomme.
• In reality the company has closed down and no longer exists as a company admitted to
trading, since it has not responded to the approaches from First North, since it does not
publish announcements, since it has no management and no steps have been taken to reestablish
the situation.
First North has concluded that a company does not exist, with the competencies or the will to meet
the conditions that derive from being a company admitted to trading on First North. Thus First North
has decided to not have Abaris Ejendomme admitted to trading on First North. As a consequence,
Abaris Ejendomme is deleted from First North.
For further information, see the company announcements from Abaris Ejendomme.
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