CSSF imposes administrative fine on Roadchef Finance Ltd 

CSSF, Luxembourg’s financial regulator, fined RoadChef Finance Limited according to Article 25(1) of the law of 11 January 2008 on transparency requirements for issuers of securities (the “Transparency Law“).

The CSSF noticed that the issuer in question failed to act in response to orders of the CSSF and did not comply with the CSSF’s request for information, in relation to the issuer’s failure to comply with the periodic information requirements of Article 3 of the Transparency Law, given that RoadChef Finance Limited failed to publish its annual financial report relating to the financial year 2013 according to the provisions of the Transparency Law.

Moreover, the CSSF requested, in accordance with Article 22(2)(d) of the Transparency Law, the suspension from trading on the regulated market of the securities issued by RoadChef Finance Limited. In accordance with the before-mentioned article, this suspension has been requested for a maximum of ten days and will be renewed until RoadChef Finance Limited will have complied with all the above-mentioned requirements of the Transparency Law.

According to Article 27 of the Transparency Law, a court action against the administrative fine may be lodged by the issuer with the Tribunal administratif (Administrative Court) within three months by an attorney-at-law registered at the Bar of Luxembourg or at the Bar of Diekirch.

This sanction, together with the other measures mentioned above, are disclosed according to Article 25(2) of the Transparency Law.

Source: cssf- CSSF imposes administrative fine on Roadchef Finance Ltd

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