Germany – BaFin Fine Hambro Voting Rights

Germany – BaFin Fine Hambro Voting Rights

On 11 November 2020, GE BaFin fined JO Hambro Capital for voting violations.

  • BaFin has fined JO Hambro Capital Management 120,000 euros over voting violations.
  • JO Hambro Capital Management failed to submit it's voting rights notifications on time.
  • BaFin said the failure violated section 130 paragraph 1 of Administrative Offenses Act.
  • The company was also in violation of section 33 paragraph 1 of Securities Trading Act.