AFM imposes an administrative fine on Charlene De Carvalho-Heineken for late … – Food Holland

AFM imposes an administrative fine on Charlene De Carvalho-Heineken for late … – Food Holland

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Authority for the Financial Markets (AFM) has an administrative fine of 375,000 Euros on Charlene De Carvalho-Heineken, Director of Heineken Holding on 3 October. The AFM has established that it has fulfilled its obligation to report to the AFM has not met immediately. During the period from September 9 to December 20, 2013 in respect of 61 transactions from L’Arche Green shares in Heineken Holding L’Arche Green is a company in which De Carvalho-Heineken has a majority interest. She has these transactions until December 30, 2013 reported to the AFM. De Carvalho-Heineken has thus violated the Act on Financial Supervision.

The reports pursuant to the provisions of the Act on Financial Supervision are required to give the interests and power of investors and companies understand directors and auditors. Because De Carvalho-Heineken has repeatedly not timely reported that its indirect interest and control of the company was increased, investors were deprived of the opportunity to correct information and substantiated the use of financial instruments relating to Heineken Holding.

a review

The fact that by L’Arche Green a press release was issued in which the intention to purchase shares of Heineken Holding announced, and the fact that transactions other purchasing programs are reported on time in the past, the AFM on August 26, 2013 the fine reduced from 500,000 to 375,000 euros. The judgment of the AFM contained in the decision may be submitted by interested parties for review to the right

source:. Financial Markets Authority, 14.10.14

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