Brief: Eimskip disagrees with FSA's interpretation in relation to Q1 2016 results
04/04/2017 12:45
April 4 (Reuters) - EIMSKIPAFELAG ISLANDS HF EIMS.IC
* EIMSKIP DISAGREES WITH THE INTERPRETATION OF THE FINANCIAL SUPERVISORY AUTHORITY
* SAYS FINANCIAL SUPERVISORY AUTHORITY (FSA) IMPOSED FINE OF ISK 50 MILLION ON COMPANY IN
RELATION TO PUBLICATION OF 2016 Q1 RESULTS
* SAYS FSA CONSIDERS IT A VIOLATION THAT EIMSKIP DID NOT DISCLOSE EARLIER EIMSKIP'S IMPROVED
RESULTS FOR Q1 OF 2016 OR NOTIFIED FSA ON DELAYED DISCLOSURE
* SAYS EIMSKIP IS OF OPINION THAT ALL PREPARATION AND PUBLISHING OF 2016 Q1 RESULTS WAS DONE
IN ACCORDANCE WITH APPLICABLE LAW AND GOOD CORPORATE GOVERNANCE
* SAYS HAS DECIDED TO REFER THIS CASE TO ICELANDIC COURTS
Source text for Eikon: ID:nICE6RdV
Further company coverage: EIMS.IC
(Gdynia Newsroom)
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