Intercapital Property Development ADSIC with its registered office in Sofia, Bulgaria ("ICPD") announces that on 26 June 2023, by Resolution No. 659/2023 dated 26 June 2023 of the Warsaw Stock Exchange Management Board
ICPD was fined 15. 000 PLN (fifteen thousand zlotys) and obliged to conclude, within 20 working days from the date of adoption of this resolution, an agreement with an Authorised Adviser to the extent specified in § 18(2)(3) and § 18(2)(4) of the Alternative Trading System Rules, which shall remain in force for a period of at least one year from the date of its conclusion. The aforementioned disciplinary measures are related to the breaches of disclosure obligations by ICPD, which unfortunately took place. At the same time, ICPD apologises to all market participants for their occurrence, especially to stock investors, wishing to assure that it is taking this issue in earnest.
Legal basis:
§ 3 sub-paragraph 1 item 13 of Appendix No. 3 to the Regulations of the Alternative Trading System - Current and periodic information provided in the alternative trading system on the NewConnect market.