SERIOUS EVIDENCE OF PRACTICES LIKELY TO CONSTITUTE INSIDER TRADING IN CONNECTION WITH THE SALE OF FORTIS SHARES ON 3 OCTOBER 2008: PAYMENT OF A SUM OF EUR 8,796,886
The FSMA announces that in connection with the sale of Fortis shares and derivative securities on 3 October 2008, the sum of EUR 8,796,886 will be paid by the different natural and legal persons concerned, in the form of an administrative settlement.
Moreover, the sums to be paid in the form of a penal settlement in respect of the same acts will be set off proportionately against the amounts owing as an administrative settlement.
The administrative settlement is accompanied by a publication on the FSMA website (only available in French). The publication is intended to ensure the transparency and objectivity of the FSMA’s procedure and action.
In order to ensure consistency between the FSMA and the Public Prosecutor’s Office, the administrative settlement does not mention the names of the parties concerned.