Overview

Photo–me International is the latest in a growing list of companies to be fined by the City watchdog, the Financial Services Authority, for late disclosure of inside information.

At £500,000, Photo-me faces the largest ever fine of its kind. The penalty relates to the creation of a ‘false market’ in its shares by delaying the issue of a profits warning for 44 days.
This latest fine highlights the importance of companies being fully aware of their obligations under the Disclosure and Transparency Rules and Listing Principles.

Is your organisation aware of its obligations? Wragge & Co's public companies experts have prepared an expert analysis on the case, and key action points to consider.

Click ‘View Briefing’ to read the full article