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2016-01-22

OMX AB: NASDAQ STOCKHOLM ORDERS BE GROUP TO PAY A FINE CORRESPONDING TO TWO TIMES THE COMPANY’S ANNUAL FEE

Nasdaq Nordic

NASDAQ STOCKHOLM ORDERS BE GROUP TO PAY A FINE CORRESPONDING TO TWO TIMES THE
COMPANY’S ANNUAL FEE

Stockholm, January 22, 2016 — The Disciplinary Committee of Nasdaq Stockholm
has ruled that BE Group AB (“the BE Group”) has breached Nasdaq Stockholm’s
regulations (“the Rulebook”) relating to generally acceptable behavior in the
securities market, and thereby imposed a fine of SEK 410 000, equivalent to two
annual fees, on the BE Group.

In May 2015, the BE Group published a prospectus in connection with a
preferential rights issue by the company, in which AB Traction (“Traction”) –
the BE Group’s principal owner – had undertaken to subscribe for shares in the
issue corresponding to Traction’s shareholding, and to also participate as
guarantor for the issue via a subsidiary. In exchange for both the subscription
undertaking and the guarantor commitment, Traction would receive a commission.

Companies listed on Nasdaq Stockholm are to comply with generally acceptable
behavior in the securities market, and such practices may be expressed in
statements issued by the Swedish Securities Council.

In spring 2015, the BE Group was informed via statements issued by the Swedish
Securities Council that paying commission for a shareholder’s subscription
commitments was only consistent with to generally acceptable behavior in the
securities market in very exceptional circumstances. The BE Group has argued
that the rights issue could not be implemented in the manner and timeframe
required by the company unless Traction committed to subscribing for the issue,
and that Traction demanded compensation for such a commitment. In its statement
2015:17, the Securities Council has clarified that by paying commission for
Traction’s subscription commitment, the BE Group has acted contrary to
generally acceptable behavior in the securities market.

The Disciplinary Committee rules that the BE Group has acted contrary to
generally acceptable behavior in the securities market. In light of the
Securities Council’s statements, the company should have exercised great
caution before concluding an agreement on compensation for a subscription
commitment. At the same time, the Disciplinary Committee has noted that when it
became clear that the procedure was contrary to generally acceptable behavior
in the securities market, and that Traction nevertheless maintained its demand
for compensation, the BE Group’s discretion was limited.

The Disciplinary Committee states that it is always a serious regulatory breach
when a company acts contrary to generally acceptable behavior in the securities
market, and that such conduct may call for strong sanctions. However, given the
specific circumstances, the Disciplinary Committee has determined that the
sanction should not exceed a fine of two annual fees.

A detailed description of the matter, and the Disciplinary Committee’s
decision, have been published on:

http://www.nasdaqomx.com/listing/europe/surveillance/stockholm/disciplin...
ttee/decisions/

Participating in the Committee’s ruling were Supreme Court Justice Marianne
Lundius, Company Director Stefan Erneholm, Company Director Anders Oscarsson,
Company Director Carl Jack Junel, and Lawyer Wilhelm Lüning.

About the Disciplinary Committee

The role of Nasdaq Stockholm’s Disciplinary Committee is to consider suspicions
regarding whether Exchange Members or listed companies have breached the rules
and regulations applying on the Exchange. If the Exchange suspects that a
member or a listed company has acted in breach of the rules and regulations,
the matter is reported to the Disciplinary Committee. The Exchange investigates
the suspicions and pursues the matter and the Disciplinary Committee adjudges
the matter and issues a ruling regarding possible sanctions. The sanctions
possible for listed companies are a warning, a fine or delisting. The fines
that may be imposed range from one to 15 annual fees. The sanctions possible
for Exchange Members are a warning, a fine or debarment. Fines paid are not
included in the Exchange’s business but are attributed to a foundation
supporting research in the securities market. The Disciplinary Committee's
Chairman and Deputy Chairman must be lawyers with experience of serving as
judges. At least two of the other members of the Committee must have in-depth
insight into the workings of the securities market.

Members: Former Supreme Court Justice Johan Munck (Chairman), Supreme Court
Justice Marianne Lundius (Deputy Chairman), Supreme Court Justice Ann-Christine
Lindeblad, Company Director Erik Einerth, Company Director Stefan Erneholm and
Company Director Anders Oscarsson. Deputies: Former Authorized Public
Accountant Bo Magnusson, Lawyer Wilhelm Lüning, Company Director Jack Junel,
Ragnar Boman (MBA) and Carl Johan Högbom (MBA).

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology,
information and public company services across six continents. Through its
diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and
execute their business vision with confidence, using proven technologies that
provide transparency and insight for navigating today’s global capital markets.
As the creator of the world’s first electronic stock market, its technology
powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's
securities transactions. Nasdaq is home to more than 3,600 listed companies
with a market value of over 8.8 trillion and more than 10,000 corporate
clients. To learn more, visit http://business.nasdaq.com/.

Media contact:
Christina Malmberg Hägerstrand
+46 8 405 65 83
christina.hagerstrand @nasdaq.com
---------------------------------

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors
detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements.

Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq
Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker
Services are respectively brand names for the regulated markets of Nasdaq
Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS,
Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB
and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq
Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq
Vilnius.

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