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The CNMV has imposed a €190,000 fine on Soltec Power Holdings, SA for committing a serious infringement (Art. 297.1.e and 297.2.d of Law 6/2023). The infringement involves the dissemination of incorrect information regarding the 2023 financial results through 'Other Relevant Information', violating Regulation (EU) No 596/2014 on market abuse (Art. 17 and Art. 7). The sanction is final in the administrative route following the company's decision not to appeal.
For Soltec Power Holdings, SA, the resolution entails a direct economic cost of €190,000 and the recognition of a serious infringement regarding market abuse. For the securities market, the resolution reinforces the CNMV's supervision over the accuracy of relevant information communicated by issuers. The sanction is subject to judicial review before the Administrative Litigation Chamber of the National High Court.
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