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Announcement: FMA imposes sanction against European Lithium Limited for a breach against the ban on market manipulation

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The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 160,000 by means of a penal order for breaches of the Market Abuse Regulation (MAR – Regulation (EU) 596/2014) and the Stock Exchange Act 2018 (BörseG 2018; Börsegesetz 2018) against European Lithium Limited as a legal person by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz) for the dissemination of information and messages that sent out false and misleading signals to the market in relation to a financial instrument.

The penal order is final.

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