The Disciplinary Committee of Nasdaq Stockholm (the "Exchange") has found that
Intellego Technologies AB (the "Company") has breached the rules of Nasdaq
First North Growth Market (the "Rulebook") and therefore ordered the Company to
pay a fine of twelve annual fees.
The Disciplinary Committee concludes that the Company repeatedly has breached
article 17 of the EU Market Abuse Regulation ("MAR") and the Rulebook by:
-- Not disclosing a correct version of its annual financial report for 2022 in
time.
-- Not disclosing insider information about an acquisition as soon as
possible.
-- Failing to explain to what extent the acquisition had been consolidated in
its quarterly financial report, resulting in the report not allowing for a
complete and correct assessment.
-- Including incorrect identity of a counterpart in a disclosure about an
order and failing to disclose a correction as required.
-- Not disclosing a change of Certified Adviser as required by the Rulebook.
-- Failing to disclose a market assessment in a way that allowed for a
complete and correct assessment.
The Disciplinary Committee finds that the Company repeatedly and over a
prolonged period has breached article 17 of MAR and the Rulebook. The
Disciplinary Committee finds the breaches to be serious so that a fine shall be
imposed. Considering the repeated breaches, and that they appear to be the
result of a lack in capacity for providing the market with information, the
Disciplinary Committee has decided to impose a fine of twelve annual fees.
The Disciplinary Committee's decision is available at:
https://www.nasdaq.com/market-regulation/nordic/stockholm/disciplinary/decisions
-sanctions
Please see the attached document for a Swedish version of the decision. An
English version of the decision will be made available as soon as possible.
For further information about this exchange notice please contact Enforcement &
Investigations, telephone +46 8 405 70 50, or iss@nasdaq.com.© 2024 GlobeNewswire
