The Disciplinary Committee of Nasdaq Stockholm has found that Azelio AB (the “Company”) has breached the Nasdaq First North Growth Market Rulebook (the “Rulebook”) and therefore ordered the Company to pay a fine of two annual fees, corresponding to an amount of approximately SEK 758,000.
The Disciplinary Committee concludes that the Company presented inside information regarding a potential project in Australia at a webinar on November 18, 2022, before the Company disclosed the same information through a press release. The Company has therefore acted in breach of item 4.1.1 in the Rulebook by not disclosing the information in accordance with Article 17 of the EU Market Abuse Regulation and Article 2 of the Commission Implementing Regulation (EU) 2016/1055.
The Disciplinary Committee’s decision is available at:
https://www.nasdaq.com/solutions/decisions-sanctions-stockholm-2023
