• Nasdaq Nordic disciplinary committee fined LSTH Svenska Handelsfastigheter AB SEK 1,500,000 for breaching rule book for issuers of fixed income instruments.

Summary

• Swedish Securities Council ruling 2021:43 found it violated item II.3 of the takeover rules for certain trading platforms issued by the Swedish corporate governance board.
• On informing Tre Kronor Property Investment AB shareholders of a potential competing takeover bid, did not say the firm was not bound by undertaking to accept its bid.
• This breached good practice in the stock market and consequently also the rulebook.