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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Wright Reports

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NASDAQ OMX Stockholm Fines Allenex AB

Thursday, 11 Jul 2013 05:30am EDT 

NASDAQ OMX Stockholm announced that the Disciplinary Committee of NASDAQ OMX Stockholm AB (the Exchange) has found that Allenex AB has contravened the Exchange’s Rulebook for Issuers and has therefore ordered Allenex to pay a fine corresponding to one annual fee to the Exchange. The case concerns Allenex’s violation of item 3.4.2 in the Rulebook, which stipulates that, if a company intends to publish information that is expected to have a significant impact on the price of the company’s share, the company must inform the Exchange of this prior to publishing the information. In February 2013, Allenex published a press release regarding an order. In the days following the press release, the price of the Allenex share rose substantially. Although the circumstances of the case were somewhat extenuating, advance notice of the information should have been submitted to the Exchange prior to publication. Accordingly, the Disciplinary Committee orders Allenex to pay a fine equivalent to one annual fee to the Exchange. 

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