The Disciplinary Committee of Nasdaq Stockholm AB has found that Oscar Properties Holding AB (”Oscar Properties” or the “Company”) has breached Nasdaq Stockholm’s Rule Book for Issuers (“the Rule Book”) and has therefore ordered Oscar Properties to pay a fine amounting to SEK 410,000, corresponding to two annual listing fees.
The Disciplinary Committee finds that Oscar Properties has breached item 3.1 of the Rule Book by failing to disclose information as soon as possible on the arrest of the Company’s Chairman on September 26, 2017, on suspicion of insider trading.
The Disciplinary Committee also finds that Oscar Properties has breached item 3.3.6 in combination with item 3.3.1 and 3.1 of the Rule Book by failing to disclose sufficiently comprehensive information on the underlying reasons behind a forecast adjustment published by the Company on October 23, 2017.
The Disciplinary Committee takes a particularly serious view of the breaches as the Disciplinary Committee previously has criticized the Company in another matter regarding inadequate disclosure of information (the Disciplinary Committee’s decision 2017:03). The Disciplinary Committee has therefore decided to impose a sanction corresponding to two annual fees.
A more detailed description of the matter case and the Disciplinary Committee’s decision are available at:
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 60 00, or iss@nasdaq.com.