Wednesday, February 06, 2008
Nine AIM companies fined for website breacheS
Nine companies listed on AIM have been fined for failures in their websites.
The fines were levied by the London Stock Exchange for not complying with its rule 26 which was introduced in February 2007.
These companies paid a total of £95,000.
They did not hit a deadline of 20 August deadline for posting a website containing all financial details, including the annual report and regulatory news service announcements.
The rule was introduced as part of the exchange’s first rule book for nomads, the nominated advisers responsible for bringing companies to AIM.
Another seven companies were given warning notices for less serious breaches.
All 16 companies – none of which have been named – rapidly improved their websites to comply with the rules.
The maximum fine for breaching the rule is £50,000.
DATED: 06.02.08
FEED: AM
The fines were levied by the London Stock Exchange for not complying with its rule 26 which was introduced in February 2007.
These companies paid a total of £95,000.
They did not hit a deadline of 20 August deadline for posting a website containing all financial details, including the annual report and regulatory news service announcements.
The rule was introduced as part of the exchange’s first rule book for nomads, the nominated advisers responsible for bringing companies to AIM.
Another seven companies were given warning notices for less serious breaches.
All 16 companies – none of which have been named – rapidly improved their websites to comply with the rules.
The maximum fine for breaching the rule is £50,000.
DATED: 06.02.08
FEED: AM
