The Disciplinary Committee of Nasdaq Stockholm (the “Exchange”) has found that Arctic Paper S.A. (the “Company”) has breached the rules of Nasdaq Stockholm (the “Rulebook”) and therefore ordered the Company to pay a fine of three annual fees, corresponding to an amount of SEK 780 000.

On December 27, 2024, the Company issued a press release announcing that the agreement between the subsidiaries Arctic Paper Grycksbo AB and Arctic Paper Munkedal AB and the counterparty S.E.R. Sverige AB had been terminated. The press release stated that the information contained therein was such that the Company was obligated to disclose it under the EU Market Abuse Regulation (“MAR”).

The Disciplinary Committee notes that, by doing so, the Company has violated Article 17.1 of MAR and Section 3.1.1 of the Rulebook. The Disciplinary Committee considers the breach to be serious, and therefore a fine shall be imposed as a consequence. The Disciplinary Committee sets the fine at three annual fees.

The Disciplinary Committee’s decision is available at:

https://www.nasdaq.com/market-regulation/nordic/stockholm/disciplinary/decisions-sanctions