DENMARK: Fine for breach of Denmark major shareholdings rules

Wednesday February 26 2014

TKH Limited has been fined an administrative fixed penalty notice of kr. 15,000 by the Danish FSA for two cases of violating the duty to report shareholdings under § 29 paragraph 1 of the Securities Trading Act. TKH Ltd. failed to notify its ownership of shares in Climate Invest A / S to the FSA simultaneously with the notification to the company.

The FSA has in the decision emphasized that the case involves the repeated violation of the rules committed over a long period.

Click on the above link for the decision (In Danish).