On 21 September 2022, BaFin imposed administrative fines totalling 50,000 euros on Ilion Holding GmbH.
The sanction related to breaches of section 33 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Ilion Holding GmbH failed to submit voting rights notifications within the prescribed period.
The company may lodge an appeal against the administrative fine order.