21/07/2008 15:54
The Securities and Exchange Commission announced on Monday that it imposed administrative fines of €350 thousand for the manipulation of Tsokkos share during the period July – September 2006. The Company’s CEO has been imposed administrative fines of €200 thousand and Miranda Papageorgiou and Stephanos Themistocleous fines of €75 thousand because they acted in agreement with Mr. Tsokkos.
Mr. Tsokkos was imposed a fine of €50 thousand because he acquired shares in April 2007 while he held confidential information for deliberations between the Company and a foreign institutional investor for its possible acquisition.
SEC’s decision taken a week ago and was released by newspaper “Politis” on Saturday.
Today, Tsokkos share remains unchanged at €0.27.
Mr. Tsokkos was imposed a fine of €50 thousand because he acquired shares in April 2007 while he held confidential information for deliberations between the Company and a foreign institutional investor for its possible acquisition.
SEC’s decision taken a week ago and was released by newspaper “Politis” on Saturday.
Today, Tsokkos share remains unchanged at €0.27.