The Disciplinary Committee of Nasdaq Stockholm has found that Eltel AB (publ)
("Eltel" or the "Company") has breached the rules of Nasdaq Stockholm (the
"Rulebook") and therefore ordered the Company to pay a fine of five annual
fees.
The Disciplinary Committee concludes that Eltel on several occasions during
2016 and 2017 has breached Article 17 of the EU Market Abuse Regulation ("MAR")
by:
-- not having disclosed inside information about changes to the Company's CFO
position as soon as possible,
-- not having disclosed inside information about a revised financing agreement
as soon as possible,
-- not having disclosed inside information about a planned rights issue as
soon as possible,
-- not having disclosed inside information about suspicions of irregularities
in the Company's accounts as soon as possible,
-- not having disclosed inside information about the resignation of its CFO as
soon as possible.
The Disciplinary Committee concludes that the Company, through the above
breaches, consequently also breached item 3.1 of the Rulebook and orders the
Company to pay a fine corresponding to five annual fees.
The Disciplinary Committee's decision is available at:
https://www.nasdaq.com/solutions/decisions-sanctions-stockholm-2021
Please see the attached document for a Swedish version of the decision. An
English version of the decision will be made available as soon as possible.
For further information about this exchange notice please contact Issuer
Surveillance, telephone +46 8 405 70 50, or iss@nasdaq.com.
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=1031500© 2021 GlobeNewswire
