Committee's decision on ELMO Rent AS

Tallinn, Estonia, 2024-07-10 11:30 CEST --


On July 10, 2024, the Listing and Surveillance Committee of Nasdaq Tallinn
decided to issue a fine of 3000 EUR to ELMO Rent AS if they do not submit and
disclose their audited annual report by 01.11.2024. The fine is for violation
of First North Rules (FNR) clauses 1.1., 3.2., 3.6., 26.2.1.and 26.2.2. 

Background:

According to FNR clauses 1.1, 3.2. and 3.6. issuer admitted to trading on First
North market is subject to FNR and to requirements of other legal acts,
including the legal acts that regulate the public offers and disclosure of
information. The Issuer shall comply with the requirements, incl. information
disclosure requirements as specified in FNR. 

According to FNR clauses 26.2.1. and 26.2.2. the annual report shall be
prepared, and the Issuer shall submit the annual report audited by an auditor
in accordance with applicable laws or other regulation of the Issuer's home
state. The Issuer shall submit a statement of an auditor together with the
annual report. 

Circumstances:

The deadline for submitting an audited annual report of the year 2023 for First
North market issuers was July 1, 2024. ELMO Rent AS did not publish their
audited annual report by this date. 



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