Brief: BaFin Imposes Administrative Fine On KION Group

Kion AG

21/12/2023 13:50

Dec 21 (Reuters) - KION GROUP AG  KGX.DE :
    * BAFIN: KION HAD VIOLATED THE MARKET ABUSE REGULATION (MAR)
    * BAFIN: ON DECEMBER 7, 2023, THE FINANCIAL REGULATOR BAFIN
IMPOSED A FINE OF 280,000 EUROS ON KION GROUP AG
    * BAFIN: IT HAD NOT DISCLOSED ANY INSIDE INFORMATION
    * BAFIN - IF A COMPANY DOES NOT PUBLISH INSIDE INFORMATION,
IT
VIOLATES THE MAR, SPECIFICALLY ARTICLE 17 PARAGRAPH 1
SUBPARAGRAPH 1. BAFIN CAN PUNISH THIS WITH A FINE
    * BAFIN - THIS AMOUNTS TO A MAXIMUM OF 2.5 MILLION EUROS OR
UP TO
TWO PERCENT OF TOTAL SALES
    * BAFIN - THE COMPANY CAN APPEAL THE FINE

Further company coverage:  KGX.DE 

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