Trifork A/S
The CEO of Trifork is cleared in case of Market manipulation

Trifork A/S 

13.06.2013 15:27

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Message No. 09/2013

Aarhus, 2013-06-13 15:27 CEST (GLOBE NEWSWIRE) -- 

The CEO and founder of Trifork, Jørn Larsen, has today been cleared of the
charges against him for market manipulation. Trifork A/S has been fined EURm
0.13, which has come as a surprises to the chairman of Trifork. 

The Court of Hjørring today cleared the founder and CEO of Trifork, Jørn Larsen
in the accusations for violation of the Securities Trading Act provisions
against market manipulation in connection with its listing on the Stock
Exchange in 2007. 

'The charge came out of the blue for us last year, and the case has been very
distressing and costly for us. So I'm delighted that Jørn Larsen now has been
cleared of any suspicion, and that we all now can focus on the future', says
the Chairman of Trifork Johan Blach Petersen. 

Trifork fine a surprise

Trifork A/S has been fined EURm 0.13. This is because the court found that EBH
Bank handled the market-maker agreement with Trifork improperly in connection
with the instructions that the former EBH Bank Vice President Jens Nielsen gave
to another EBH Bank employee, at the time when he was newly elected Chairman in
Trifork A/S and had just joined the Trifork A/S board. 

'It's very unfortunate that we have found ourselves in this situation where the
former Chairman of or board has been found by the court to have acted
unlawfully. Trifork in this sense must take a penalty because of our choice of
market-maker. We note the decision of the court in imposing this penalty.
However we are satisfied that it now is clear that neither Jørn Larsen or the
company itself has committed any improper act', says Johan Blach Petersen. 

The CEO of Trifork, Jørn Larsen is also glad to close this chapter.

'It has for me personally been a very unpleasant accusation, but I'm glad that
I now can continue my work without a black cloud hanging over my head. Trifork
last year achieved its best annual results ever, and we will continue working
to internationalize the business and fulfil its great potential', he says. 

About Trifork

Trifork was founded in 1996 and is listed on NASDAQ OMX in Copenhagen. It is an
innovative software development company focusing on Mobile, Agile and Cloud. It
develops and delivers business critical IT systems for several sectors
including finance, healthcare, government, manufacturing and telecom. Trifork
employs 235 people in 11 offices in Aarhus, Copenhagen, Esbjerg, London,
Zürich, Amsterdam, Krakow, Stockholm and San Francisco. At the end of 2012
Trifork had a market value at DKKm 243 / EUR 33M, with a turnover of DKKm 223 /
EURm 30. 



Kind regards,

Board of directors, Trifork A/S



Trifork A/S

Margrethepladsen

DK-8000 Århus C, Denmark

CVR-no. 20921897

ISIN DK0060102887

Shortname: TRIFOR

Phone: +45 8732 8787

Fax: +45 8732 8788

Contact:

CEO, Jørn Larsen

Direct: +41 79 430 9697

E-mail: jla@trifork.com
News Source: NASDAQ OMX



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Language:     English
Company:      Trifork A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0060102887
WKN:          
 
End of Announcement                             DGAP News-Service
 
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