TALLINN STOCK EXCHANGE

ANNOUNCEMENT

20.04.99

 

TALLINN STOCK EXCHANGE LISTING COMMITTEE’S DECISION ABOUT OPTIVA PANK 

 

TSE Listing Committee discussed on its 20.04.1999 meeting the possible 

violation of the provisions of the TSE Rules and Regulations by AS 

Optiva Pank.

 

Pursuant to article 1.6.1 of section “Requirements for Issuers” of the 

TSE Rules and Regulations, the Issuer is obliged to guarantee that the 

unpublished information, which has a potential to influence the 

security’s price, would not be disclosed to unauthorized persons prior 

to publishing it via the Exchange’s information system. Since the Bank 

of Estonia publishes the balance sheets of commercial banks on 11th 

banking day at 12:00 noon, then Optiva Pank was required to publish the 

bank’s unconsolidated balance sheet not later than on the 11th banking 

day of the same month, i.e. 15.02.1999 at 12:00 noon. 

 

The TSE Listing Committee found that the present situation can be 

treated as a violation of section “Requirements for Issuers” of the TSE 

Rules and Regulations, and thus decided to issue a warning to AS Optiva 

Pank. 

 

 

TSE