DNO believes that objective, sufficient and timely information to the market is a prerequisite for a fair valuation of DNO’s shares.
This commitment will be evenly fulfilled irrespective of whether the information is positive or negative for the Company.
DNO will not only confirm to requirements set by laws, regulations and rules of stock exchanges, but will proactively seek to give relevant facts required by investors and analysts for them to be able to build a correct picture of DNO's true financial situation and risks and opportunities facing DNO in the future.
All material information is disclosed to recipients equally in terms of content and timing.
Investor Relations
DNO’s Investor Relations function is designed to enhance investors' and analysts' interest in the Company, to build investor loyalty and to attract new investors and to increase analyst coverage.
The function is fully centralized and supported by the top management of the Company.
Spokespersons
DNO’s managing director and chief financial officer are the sole spokespersons of DNO. Other officers or employees are not entitled to communicate with investors or analysts.
In connection with news releases other contact persons can be named, but their authority is limited to the specific issue at hand.
Disclosure
It is DNO’s ambition to maintain the transparency and visibility of the Company's financial and operational performance.
All substantial contracts, investments and other relevant information are disclosed as soon as they have been decided on and agreed with the relevant counterparties.
The Company does not comment on rumours unless it is required to ensure equal information in the market.
All share price sensitive information is considered insider information until it is disclosed according to the Company's disclosure principles.
Forward Looking Information
DNO gives guidance in the form of official outlook statement published in connection with the release of interim financial results.
If additional forward looking information is needed by the markets or if the Company's performance substantially deviates from what has been said, the official outlook will be rephrased and published according to the Company's disclosure principles.
Analyst Estimates and Reports
DNO will continuously monitor analyst estimates on the Company’s future performance.
DNO will review analysts' earnings models and reports on the basis of:
(1) errors of historical facts that are in the public domain, or
(2) on the basis of fully published information.
If analyst reports are requested, investors are advised to contact the brokerage houses directly.