Nasdaq Stockholm Orders Cyxone AB To Pay A Fine Corresponding To Two Annual Fees

The Disciplinary Committee of Nasdaq Stockholm has found that Cyxone AB (”Cyxone” or “the Company”) has breached the regulations of Nasdaq First North (“the Rulebook”) and has therefore ordered Cyxone to pay a fine of two annual fees, corresponding to an amount of SEK 200,000.

The Disciplinary Committee finds that Cyxone has breached item 4.1 of the Rulebook as a result of selective disclosure of inside information by the Company’s President during a speech at the BioStock Live event in Stockholm, Sweden, on September 28, 2017. The information was not properly disclosed, according to art. 17 in MAR, until a press release was issued on October 3, 2017. The Disciplinary Committee has decided to impose a sanction in the form of a fine corresponding to two annual fees.

A detailed description of the matter and the Disciplinary Committee’s decision is available at:

http://business.nasdaq.com/list/Rules-and-Regulations/european-surveillance/disciplinary-processes/decisions-and-sanctions/stockholm-2019.html

Participating in the Committee’s decision were former Supreme Court Justice Marianne Lundius, MBA Ragnar Boman, Company Director Carl-Johan Högbom, Lawyer Wilhelm Lüning and Company Director Anders Oscarsson.