Sweden – Nasdaq Nordic Fine Takeover Breach

Sweden – Nasdaq Nordic Fine Takeover Breach

On 8 July 2021, Nasdaq Nordic reported on discipline re takeover disclosure.

  • Nasdaq Nordic (Stockholm) has fined Amasten Fastighets for breaching takeover rules.

Overview

  • Amasten Fastighets has been ordered to pay a SEK 1,000,000 fine regarding disclosure of a public takeover offer to shareholders in SSM Holding AB on 14 October 2020.
  • Nasdaq Stockholm disciplinary committee found the company breached takeover rules.
  • Amasten breached items II.3 and I.4 of the takeover rules by not including detailed information about the offer while making information available on company’s website.