The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 120,000 against Global Alpha Capital Management Limited for the delayed notification about the 5 % threshold for holdings being exceeded for the shares of an issuer, by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). Global Alpha Capital Management Limited failed to communicate to the issuer within the stipulated timeframe that the threshold for the holding had been exceeded. Under the provisions on the disclosure of participations under Articles 130 et seq. BörseG, the market is required to be informed about the issuer’s shareholding structure. The penal order is final.