Decision by the Disciplinary Committee regarding Amasten Fastighets AB (publ)
Stockholm, July 8, 2021 — The Disciplinary Committee of Nasdaq Stockholm has found that Amasten Fastighets AB (publ) (“Amasten” or the “Company”) has breached the Takeover Rules for Nasdaq Stockholm (the “Takeover Rules”) and therefore ordered the Company to pay a fine of SEK 1,000,000.
The Disciplinary Committee concludes that Amasten, in connection with its disclosure of a public takeover offer to the shareholders in SSM Holding AB (publ) on October 14, 2020, breached item II.3 in combination with I.4 of the Takeover Rules by not including detailed information about the offer while at the same time making such information available on the Company’s website and, thereby, in a discriminatory manner.
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 company has acted in breach of the rules, the matter is referred to the Disciplinary Committee. Nasdaq Stockholm investigates the suspicions and pursues the matter and the Disciplinary Committee 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 Marianne Lundius (Chairman), Supreme Court Justice Ann-Christine Lindeblad (Deputy Chairman), Company Director Joakim Strid, Company Director Stefan Erneholm, Company Director Anders Oscarsson, Lawyer Wilhelm Lüning, Company Director Jack Junel, MBA Ragnar Boman, MBA Carl Johan Högbom, Lawyer Patrik Marcelius, Authorized Public Accountant Magnus Svensson Henryson, Former Authorized Public Accountant Svante Forsberg, Lawyer Erik Sjöman and Supreme Court Justice Petter Asp.
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