Brief: French Financial Watchdog AMF Sanctions Rallye For Market Manipulation

Finatis SA

11/09/2023 17:19

Sept 11 (Reuters) - French Financial Watchdog AMF :
    * SANCTIONS RALLYE AND ITS CEO FRANCK HATTAB FOR MARKET
MANIPULATION
    * THE SANCTIONS COMMISSION ACCEPTED ALL OF THE COMPLAINTS
NOTIFIED
    * ACCUSED RALLYE AND MR. HATTAB OF HAVING DISSEMINATED FALSE
OR
MISLEADING INFORMATION ON RALLYE'S FINANCIAL SITUATION ON 11
OCCASIONS BETWEEN MARCH 8, 2018 AND MAY 15, 2019
    * FINANCIAL FINE IS EUR 25 MILLION AGAINST RALLYE AND EUR 1
MILLION AGAINST HATTAB
    * FINANCIAL FINE IS FOR PUBLICATION OF INCORRECT INFORMATION
OR
MISLEADING INFORMATION THAT COULD ARTIFICIALLY OR SIGNIFICANTLY
IMPACT RALLYE'S STOCK PRICE
    * RALLYE SPREAD FALSE OR MISLEADING INFORMATION ABOUT ITS
FINANCIAL POSITION IN 14 COMMUNICATION MATERIALS PRESENTING, IN
PARTICULAR, RALLYE'S 2017 ANNUAL RESULTS, ITS 2018 HALF-YEAR
RESULTS AND ITS 2018 ANNUAL RESULTS

Source text: https://tinyurl.com/ylnouyf9
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