RSS   Newsletter   Contact   Advertise with us
Post Online Media
Acquisitions   The shares in Allenex were traded on Nasdaq

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

Nasdaq StockholmThe Disciplinary Committee of Nasdaq Stockholm has ordered CareDx 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. Up until June 8, 2016, the shares in Allenex were traded on Nasdaq Stockholm.

READ MORE Nasdaq Stockholm orders Oscar Properties to pay two annual fees in fine

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 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 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.




What to read next





More inside POST
 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy