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On 24 May 2022, SIX Exchange Regulation AG (SER) initiated an investigation against Poenina Holding Ltd due to a potential violation of the rules on ad hoc publicity.
A preliminary inquiry revealed that there are sufficient indications of a violation of regulations. For this reason, SER initiated an investigation against Poenina Holding Ltd on 24 May 2022. The potential violation relates to the rules on ad hoc publicity and is linked to the disclosure of price sensitive facts.
As part of the investigation, SER is examining whether there has been an actual violation of the regulations.
No further details will be communicated with regard to the ongoing proceedings. SER will provide information about the final outcome of the proceedings.
SIX Exchange Regulation AG
is a legally independent company of SIX Group and one of the Regulatory Bodies of the SIX trading venues. It performs the functions assigned under Swiss federal law and enforces the rules laid down by the Regulatory Board, and monitors compliance with legal and regulatory requirements. As part of its diverse remit, SIX Exchange Regulation AG submits proposals for sanctions to the Sanctions Commission or can enact sanction notices. SIX Exchange Regulation AG consists of the divisions Listing & Enforcement, responsible for regulating issuers, and Surveillance & Enforcement, which monitors trading.
SIX
operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, for Post-Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users (120 banks). With a workforce of some 3,685 employees and a presence in 20 countries, it generated operating income of CHF 1.5 billion and Group net profit of CHF 73.5 million in 2021.
