Topic Measures SYGNIS AG: BaFin imposes administrative fines

Date: 27.09.2017, updated on 19.10.2017

On 18 September 2017, BaFin imposed administrative fines amounting to 235,600 euros against SYGNIS AG.

The administrative order imposing the fine related to one breach by SYGNIS AG of section 26a sentence 1 of the German Securities Trading Act (WertpapierhandelsgesetzWpHG) and one breach of section 30b (1) sentence 1 no. 2 of the WpHG as amended by the Act of 20 November 2015. SYGNIS AG had failed to publish the total number of voting rights and the issue of new shares within the prescribed period.

The administrative fine order is final and conclusive.

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