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OMX Nordic Exchange Stockholm issues warnings to the First North company Bringwell AB. The CEO of Bringwell had disclosed price sensitive information in an interview before the information had been made public.
According to the rules applicable for First North companies all price sensitive information shall be disclosed immediately. The disclosure should be done by sending the information to such media that can effectively spread the information to the public. The information shall at the same time be sent to the company’s Certified Adviser and to the exchange. On September 6th, Dagens Industri published an interview with the CEO of Bringwell, telling that the company had acquired a Norwegian company the day before. The information about the deal was made public to the market through a press release on September 6th at 8.20 am. However, the information was revealed to the journalist the day before, on September 5th. By disclosing the information to the journalist before making it public by issuing a press release, Bringwell has violated the First North rules. The exchange has decided to issue a warning to Bringwell for its actions.
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