Spain – CNMV Short Selling RE: Grifols-Gotham

Spain – CNMV Short Selling RE: Grifols-Gotham

On 23 January 2024, ESP CNMV issued statement in relation to Grifols case.

  • ESP CNMV statement in relation to Grifols and related Gotham City Research report.
  • ESP CNMV has not detected, from Jan. 9 until today, any specific privileged information pending publication representing asymmetric information between different investors.
  • Therefore it has not been necessary to suspend negotiation as precautionary measure.
  • Re short selling, ESP CNMV is closely monitoring since 9 January positions in Grifols.
  • In aggregate terms and compared to set of Spanish listed companies, these do not present high values and have not determined fundamental evolution of security price.
  • Further, there are no conditions established in Regulation 236/2012 on short selling regarding limitation or prohibition of short selling for a measure of that kind.
  • ESP CNMV determined to clarify situation as soon as possible, make conclusions public