The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 35,000 by means of a penal order against a person responsible of WW Holding AG for the late submission of an ad hoc report. The penal order is not final.
An appeal was lodged to the Federal Administrative Court (BVwG; Bundesverwaltungsgericht) against the penal order issued by the FMA.
The Federal Administrative Court confirmed the FMA’s penal order dated 08.07.2019 in full. The orderly final right of appeal was declared not to be permissible. The penal order is final.