Otello Corporation ASA is placed in Penalty Bench

Euronext Oslo Børs has taken the decision to place Otello Corporation ASA in the Penalty Bench, cf. section 2.9.3 (1) of the Euronext Oslo Børs Rule Book II. Otello Corporation ASA is placed in Penalty Bench with immediate effect due to failure to comply with Euronext Oslo Børs Rule Book II section 4.3.1 annual reports and half-yearly reports.

Penalty Bench is a special compartment where the securities of issuers that do not comply with the Rules are placed. Euronext Oslo Børs will remove securities from the Penalty Bench and allocate the securities to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.