On July 8, 2025, the Listing and Surveillance Committee of Nasdaq Tallinn decided to issue a warning to Saunum Group AS for violation of Nasdaq Tallinn rules and regulations chapter First North Rules (hereinafter FNR) clauses 23.1, 26.3.1 and 26.3.5.
According to FNR chapters 1.1., 3.2. and 3.6. the Issuer admitted to trading on First North market is subject to FNR Rules and to requirements of other legal acts, including the legal acts that regulate the disclosure of information. The Issuer shall comply with the requirements, incl. information disclosure requirements as specified in FNR Rules.
According to FNR chapters 26.3.1. and 23.3.5. the Issuer shall submit financial report for six (6) months of the financial year to the Exchange; the interim report shall be disclosed immediately after its approval by the Management Board of the Issuer, however, not later than three (3) months from the end of the reporting period.
Circumstances:
The deadline for submitting 6 months´ interim report of the second half of the year 2024 for First North market issuers was March 31. Saunum Group AS published its´ interim report on April 11.
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