The Disciplinary Committee of Nasdaq Stockholm has found that Westpay AB (“Westpay” or 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 SEK 200,000.
The Disciplinary Committee concludes that Westpay has breached item 4.1 of the Rulebook by having made inside information, regarding an agreement entered into, available to certain news subscribers and on the Company’s website eleven days before the information was disclosed and disseminated to the public in the manner prescribed in Article 17 of the EU Market Abuse Regulation.
The Disciplinary Committee’s decision is available at:
https://www.nasdaq.com/solutions/decisions-sanctions-stockholm-2020
