Profil:
LPP SAPoland's financial watchdog initiates proceedings to impose fine on LPP fashion
Poland's financial market regulator KNF has initiated administrative proceedings to impose a fine on listed fashion group LPP, KNF said in a statement.
"KNF has opened proceedings in connection with the suspected failure by the company to comply with the obligation referred to in Article 17(1) in conjunction with Article 7 of the MAR Regulation1 by failing to promptly disclose to the public confidential information about the key terms and structure of the transaction for the sale by the company of 100 percent of the shares in RE Trading OOO, as agreed by the parties to the negotiations concluded on May 10, 2022," KNF wrote.
pel/ ao/