Erscheinung:16.12.2019, Stand:updated on 03.01.2020 | Topic Measures United Power Technology AG: BaFin imposes administrative fine
On 3 December 2019, BaFin imposed an administrative fine amounting to 260,000 euros against United Power Technology AG.
The sanction related to a breach by United Power Technology AG of section 114 (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 accounting documents listed in section 114 (2) WpHG for the financial year of 2018 were made publicly available in addition to their availability in the business register.
The company can lodge an appeal against the administrative fine order.
Update (03.01.2020):
The administrative fine order is final and binding.
