Erscheinung:22.07.2019 | Topic Measures United Power Technology AG: BaFin imposes administrative fines
On 12 June 2019 BaFin imposed administrative fines amounting to 500,000 euros against United Power Technology AG.
The sanction related to the following breaches by United Power Technology AG:
In Contravention of section 115 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG), United Power Technology AG had failed to make its half-yearly financial report for the financial year of 2018 publicly available within the prescribed period.
In Contravention of section 115 (1) sentence 2 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG), United Power Technology AG had failed to publish an announcement, stating the date and the website on which the half-yearly financial report for the financial year of 2018 was made publicly available in addition to its availability in the business register.
The company can lodge an appeal against the administrative fine order.
Update (22.07.2019):
The administrative fine order is final and binding.
