The Disciplinary Committee of Nasdaq Stockholm has resolved to order Trelleborg AB to pay a fine of four annual fees, equivalent to an amount of SEK 9.6 M as a result of the company’s information disclosure procedures in connection with rumours involving the divestment of the Trelleborg Wheel Systems business area in December 2021.
Company Disclosure Info Handled Correctly, Says Trelleborg
The Disciplinary Committee has said it is of the opinion that Trelleborg, during the Christmas weekend, should have acted more swiftly in disclosing information to Nasdaq Stockholm and that Trelleborg, on the matter, has breached the rules regarding the disclosure of information to the market in article 17 of MAR.
Trelleborg has argued that the matter has been handled correctly and has explained that only early discussions with external partners were taking place in December 2021, and that these discussions were not sufficiently precise to inform the market.
