The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 14,000 against a private person for the delayed notification about their exceeding the 4% threshold for holdings in relation to shares of an issuer. The private person omitted to notify the exceeding of the participation threshold in a timely manner to the FMA, the exchange operating company as well as the issuer. The penal order is not final.
Update 01.12.2021:
The private person has submitted an appeal against the FMA’s penal order to the Federal Administrative Court (BVwG; Bundesverwaltungsgericht).
Update 01.03.2023:
The Federal Administrative Court confirmed the FMA’s penal order dated 13.10.2021. The orderly final right of appeal was declared not to be permissible. The penal order is legally final.