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Disclosure obligations in Norway concerning major holdings of shares in listed companies

June 2009 - Finance. Legal Developments by Advokatfirmaet Steenstrup Stordrange DA .

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Owners of shares in companies listed on a regulated market are under an obligation to disclose to the market the acquisition and disposal of shares and/ or rights to shares in ceratin cases. The disclosure obligarion depends upon the volume of shares and/ or rights to shares owned from time to time. Ownership in this context includes, amoungst others, transactions such as borrowing of shares and certain other transactions. 

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