Azerion shares plunge on AMF investigation into trading irregularities

Azerion NV

13/03/2023 08:53

** Shares of Azerion  AZRN.AS  fall 20% after the software
publishing company says the Dutch financial markets authority
AMF has initiated investigation into irregularities in trading
of the group's shares
    ** The group says the investigation seems to be focused on
the shareholders of Principion Holding - its largest stakeholder
- including Azerion co-CEOs Atilla Aytekin and Umut Akpinar
    ** Aytekin has decided to temporarily step aside for the
interests of the company and stakeholders, Azerion says
    ** The operational leadership of the company remains with
Umut Akpinar as CEO and Ben Davey as CFO

 (Reporting by Dina Kartit)
 ((dina.kartit@thomsonreuters.com))