Adairs pays penalty for alleged continuous disclosure breach

Adairs pays penalty for alleged continuous disclosure breach

Australia

  • 10/20/2017
  • Fine
  • 66,000.00
  • Australian Securities and Investments Commission
Non Compliant

Detail

ASIC has found there are reasonable grounds to believe that Adairs was in breach of its continuous disclosure obligations between 23 September and 2 November 2016 by failing to inform the ASX that its forecast figures for the 2017 full financial year would be materially lower than the market consensus.

Source Link

http://asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-352mr-adairs-pays-penalty-for-alleged-continuous-disclosure-breach/

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