The Disciplinary Committee of Nasdaq Stockholm has found that Modern Times Group MTG AB (“MTG” or the “Company”) has breached the rules of Nasdaq Stockholm (the “Rulebook”) and therefore ordered the Company to pay a fine of two annual fees. 

The Disciplinary Committee concludes that MTG has breached item 3.1 of the Rulebook as inside information from the Company’s annual financial statement 2019 was accessible on the Company's website before the information was disclosed through a press release in accordance with Article 17 of the EU Market Abuse Regulation and the associated implementing regulation.

The Disciplinary Committee notes that the approach that appears to have been used to access the information on the Company's website has been applied in several previous cases and that the Exchange, to avoid information leakages, repeatedly has called on issuers to review systems and procedures for the publication of financial reports on their websites. Against this background, the Disciplinary Committee takes a serious view of the Company's violation and orders the Company to pay a fine of two annual fees.

The Disciplinary Committee’s decision is available at:

https://www.nasdaq.com/solutions/decisions-sanctions-stockholm-2021