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IIlion Holding GmbH: BaFin Imposes Administrative Fine

Date 06/10/2022

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.

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