REG - Livermore Inv. Group - AIM Rule 17 – Schedule 2(g) update

Livermore InvestmentsAnnouncement

27/05/2022 14:45

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RNS Number : 1295N  Livermore Investments Group Limited  27 May 2022

27 May 2022

LIVERMORE INVESTMENTS GROUP LIMITED

("Livermore" or the "Company")

AIM Rule 17 - Schedule 2(g) update

 

As part of Strand Hanson Limited's ongoing onboarding due diligence, Livermore
notifies the following update in relation to directors' disclosure for Noam
Lanir, Chief Executive Officer of the Company, pursuant AIM Rule 17 and
Schedule 2(g) of the AIM Rules for Companies.

On 22 September 2016, the Administrative Enforcement Committee of the Israel
Securities Authority ("the ISA") certified an enforcement arrangement between
the ISA and Babylon Limited ("Babylon"), a company listed on the Tel Aviv
Stock Exchange, and its officers Alon Carmeli, Noam Lanir, and Shanit Peer
Zefoni (the "respondents"). Under the arrangement, Babylon and Carmeli were
attributed negligent reporting violations, and negligent inclusion of
misstatements in periodic reports was attributed to all respondents. The
respondents admitted to the facts stated in the arrangement but did not admit
to the commission of the violations. Under the arrangement, a NIS 1 million
fine was imposed on Babylon, which undertook to redefine its procedure for
issuing immediate reports. A fine of NIS 250,000 was imposed on Alon Carmeli
and he was prohibited to serve as a senior officer in a supervised entity for
a period of five months. A fine of NIS 150,000 and suspended prohibition to
serve as an officer for six months was imposed on Noam Lanir. A fine of NIS
75,000 was imposed on Shanit Peer Zefoni.

Mr Lanir remained Chairman of the Board of Directors of Babylon following the
arrangement.

 

For further information please contact:

 Livermore Investments Group Limited                      +41 (0) 43 344 3200
 Gaurav Suri

 Strand Hanson Limited (Financial and Nominated Adviser)  + 44 (0) 20 7409 3494
 Richard Johnson, Ritchie Balmer, James Spinney

 Arden Partners plc (Broker)                                +44 (0) 20 7614 5900

 

 

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