On April 10, 2015, Petrogrand AB issued a press release from the extra general meeting held the same day with information that the general meeting had resolved to dismiss all previous board members and elect five new board members. According to the same press release, the new board of directors had further, directly after the general meeting, decided to dismiss the company’s CEO with immediate effect and replace him with one of the newly elected board members.
The current rules of First North state that a listed company can be given observation status if any other circumstance exist that results in substantial uncertainty regarding the company or the pricing of its financial instruments traded on First North.
With reference to the above, NASDAQ OMX Stockholm AB has decided that the shares in Petrogrand AB (PETRO, ISIN code SE0001587593, order book ID 49922) will be given observation status.
For further information concerning this exchange notice please contact Karin Ydén or Niklas Ramstedt, telephone +46 8 405 60 00.