Insr: Notification from the Norwegian Financial Supervisory Authority (NFSA) and Announcement of Strategic Review
Oslo, June 29, 2020 Insr, on Friday after market close, received a notification where the NFSA considers withdrawing the license to operate due to unresolved risk and control issues. The company is in the process of implementing a further strengthening of the governance, risk and control structure. The Board of Directors has decided to initiate a strategic review to explore the alternatives available to the company. In connection with this, the private placement announced on June 25th will not be completed, although it was oversubscribed by existing and new shareholders. The