Investiční bankovnictví (Komerční banka)
Currencies  |  October 26, 2012 11:20:00

Fines from the regulator to Orco and its managers

Orco reserved the right to appeal against a fine issued by the French financial markets regulator AMF. The company was penalized by a fine of 100,000 euros for repeated infringements disclose important information during 2008 (including the reporting was adjusted EBITDA or cash position). In connection with this violation was also fined chief executive Jean-Francois Ott (€ 80,000) and an unnamed former employee (€ 30,000). Board member Alex Vobruba was fined in the amount of € 450,000 for insider trading (sale of shares at the time had an internal non-public information about the negative development of the company, with sales as AMF avoid loss of € 85,500). Mr. Vobruba Orco informed of the intention to appeal against the fine.
The very fine should not have a negative impact on the share price Orca. The fines imposed on managers but raise the question whether the management company is not expected to change.

Author: Miroslav Adamkovič

Tyto zprávy pro vás vytváří Investiční bankovnictví KB.
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Pokuty od regulátora pro Orco a jeho manažery

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