Friday May 23 2014

News Source: Global Disclosures

Focus: Shareholder Disclosure Sanctions

Type: General

Country: Greece




The Hellenic Capital Market Commission has imposed a number of penalties for breach of the Greece major shareholdings rules as below:

  • €10,000 fine on Fairfax Financial Holdings Ltd for late notification of a change in holding in GR Sarantis S.A.
  • Two fines, one €4,500 and one €1,500, on “natural persons” for late notification of a change in shareholding in Loulis Mills S.A., with an additional fine of €1,500 on LLI Europmills Group Gmbh for late notifications in the same issuer.

Click on the above link for the HCMC press release (in Greek).