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The CNMV has published a final sanction against Francisco José Elías Navarro and Gerard Piqué Bernabéu for very serious offences under Article 282.16 of the Securities Market Law. The case involves the unlawful disclosure of inside information and the acquisition of shares based on such information regarding the offer by Atrys Health, SA for Aspy Global Services, SA (Art. 282.16.c and 282.16.a).
For the sanctioned parties, the resolution is final through administrative channels, although judicial review before the National High Court remains pending. The total financial penalty amounts to 300,000 euros split between both individuals for market abuse conduct (Art. 282.16).
The tax team reviews your specific situation.
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