14 June 2016
Press release

The CSSF imposes an administrative fine on the company Electrawinds SE

Press release 16/28

Based on Article 25(1) of the law of 11 January 2008 on transparency requirements for issuers (the “Transparency Law”), the CSSF imposed, on 13 June 2016, a fine on Electrawinds SE (registered with the CSSF under the issuer number E926).

The issuer in question failed to act in response to orders of the CSSF, in relation to the issuer’s failure to comply with the periodic information requirements of Article 3 of the Transparency Law. Electrawinds SE failed to publish its annual financial report relating to the financial year 2014 according to the provisions 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 Tribunal) within three months.

This sanction is disclosed according to Article 26b(1) of the Transparency Law.