The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 262,500 by means of a penal order against Immofinanz AG as a legal person for a breach against the Market Abuse Regulation (MAR, Regulation (EU) 596/2014) in the case of a a delayed ad hoc communication in relation to the planning of capital measures in 2020. The penal order is not final.
Update: 09.05.2023
Immofinanz AG has lodged an appeal with the Federal Administrative Court (BVwG; Bundesverwaltungsgericht) against the FMA’s penal order.
Update: 21.06.2023
In its ruling of 12.06.2023 Federal Administrative Court (BVwG; Bundesverwaltungsgericht) rejected the appeal regarding the issue of guilt. The fine imposed was reduced from EUR 262,500 to EUR 99,400. A final right of appeal was deemed inpermissible. The ruling is final.