Erscheinung:20.08.2024, Stand:updated on 05.09.2024 | Topic Measures Announcement
On 27 May 2024, the Federal Financial Supervisory Authority (BaFin) imposed administrative fines totalling 1,600,000 euros on NBSH Acquisition LLC.
The sanction related to breaches of section 33 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). NBSH Acquisition LLC failed to submit voting rights notifications within the prescribed period.
The administrative fine order is final and binding.
Update (5 September 2024):
On 27 August 2024, the company lodged an appeal against the administrative fine order.