Aarhus, 2012-03-21 12:30 CET (GLOBE NEWSWIRE) -- The Public Prosecutor for Serious Economic Crime today charged Trifork A/S and Jørn Larsen, Trifork’s CEO, with violating section 94(1), cf. section 39(1), cf. section 38(1)(ii) and (iv) (price manipulation), of the Danish Securities Trading Act.
The charge relates to Trifork shares traded from December 21, 2007 to December 28, 2007, shortly after the company’s IPO on December 20, 2007.
The background for the charge is that the SEC believes that the market making agreement Trifork entered into with ebh Bank A/S on December 21, 2007 and the related documentation of this agreement were intended to bring about a price of the then newly listed stock at an abnormal or artificial level.
Based on the information currently available, Trifork’s Board of Directors believes that there has been a misunderstanding.
Trifork A/S and Trifork’s Board will work closely with the SEC in order to have this matter clarified as soon as possible.
Trifork Board of Directors
Contact:
Johan Blach Petersen, Chairman of the Board, Trifork
T: +45 86 11 33 55
This announcement has been prepared in Danish and translated into English. In the event of any discrepancy between the Danish announcement and the English translation, the Danish announcement shall prevail.