Nasdaq Stockholm orders CareDx to pay a special fine of SEK 1 million


Crypto exchange Nasdaq - regulatory and security perspectives

The Disciplinary Committee of Nasdaq Stockholm has ordered CareDx, Inc. to pay a special fine of SEK 1,000,000 to Nasdaq for breaches of Nasdaq Stockholm’s Takeover Rules.

On December 16, 2015, CareDx announced a public offer to shareholders of Allenex AB. Up until June 8, 2016, the shares in Allenex were traded on Nasdaq Stockholm.

Prior to the announcement of the offer, CareDx undertook to comply with the Takeover Rules in connection with both the announcement and implementation of the Offer. Accordingly, CareDx also undertook to adhere to the Securities Council’s interpretation and application of the Takeover Rules.

The Disciplinary Committee has found that CareDx has acted in breach of items I.4, II.1 and II.3 of the Takeover Rules. The breaches are attributable to irregularities in conjunction with the announcement of the Offer and irregularities regarding the necessary financing of and preparations for the Offer, which were previously noted by the Securities Council in its statement AMN 2016:06.

In the event of breaches of the Takeover Rules, the Disciplinary Committee can order the offerer, in this case CareDx, to pay a special fine. In light of the serious nature of the beaches as determined by the Disciplinary Committee, it has ruled that CareDx is to pay a special fine of SEK 1,000,000.

Related News

arrow

Nasdaq Stockholm orders CareDx to pay a special fine of SEK 1 million

1

Send this to a friend

Subscribe to LeapRate
PGlmcmFtZSBzcmM9Ii93cC1jb250ZW50L2E0bHIvaGFuMTZyZXNfNjI1eDQwMC5odG1sIiB3aWR0aD0iNjI1IiBoZWlnaHQ9IjQwMCIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6bm9uZTsiIHNlYW1sZXNzPjwvaWZyYW1lPg==
PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM5NSIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLmNvbS9lbWJlZC80Mzc5MThJbFc5ST9yZWw9MCZjb250cm9scz0wJnNob3dpbmZvPTAiIGZyYW1lYm9yZGVyPSIwIiBhbGxvdz0iYXV0b3BsYXk7IGVuY3J5cHRlZC1tZWRpYSIgYWxsb3dmdWxsc2NyZWVuPjwvaWZyYW1lPg==
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry:
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxlYXByYXRlLmNvbS9hNGxyMTcvNjAweDQyNS82MDB4NDI1TFIuaHRtbCIgZnJhbWVib3JkZXI9IjAiIHdpZHRoPSI2MDAiIGhlaWdodD00MjUiPjwvaWZyYW1lPg==
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxlYXByYXRlLmNvbS8vYTRscjE3L3VmeDE4LzYwMHg0MjVfMXN0LVRpbWVMZWFwUmF0ZS1lbi1HQl9IVE1MNS5odG1sIiBmcmFtZWJvcmRlcj0iMCIgd2lkdGg9IjYwMCIgaGVpZ2h0PTQyNSI+PC9pZnJhbWU+
PGlmcmFtZSBzcmM9Ii8vY2RuLmJhbm5lcnNuYWNrLmNvbS9iYW5uZXJzL2JjaWVod29iOC9lbWJlZC9pbmRleC5odG1sP3VzZXJJZD0zMTU5MzQwNiZ0PTE1MTAxMzg3MTAiIHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIHNjcm9sbGluZz0ibm8iIGZyYW1lYm9yZGVyPSIwIiBhbGxvd3RyYW5zcGFyZW5jeT0idHJ1ZSIgYWxsb3dmdWxsc2NyZWVuPSJ0cnVlIj48L2lmcmFtZT4=