The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 110,000 against Rath Aktiengesellschaft for a breach against the Stock Exchange Act 2018 (BörseG 2018; Börsegesetz 2018) for the the late publication of a holding report from a person that exceeded the 4% threshold for holdings. The penal order is not final.
Update 24.04.2024
Rath Aktiengesellschaft has lodged an appeal to the Federal Administrative Court (BVwG; Bundesverwaltungsgericht) against the FMA’s penal order.