The Dutch Authority for the Financial Markets (AFM) has imposed an administrative fine of €1.7 million on global asset manager Janus Henderson Group plc.
The fine has been imposed because Janus Henderson notified the AFM late of its shareholding of 3.02% in the company Renewi, which is listed at Euronext Amsterdam.
When investors obtain or lose shares or voting rights in a listed company, as a result of which their shareholding meets a particular threshold (of between 3% and 95% of the company’s issued share capital), they must immediately notify this to the AFM. The AFM will then include these details in the public register of substantial shareholdings and gross short positions (Register substantiële deelnemingen en bruto shortposities).
The purpose of these mandatory notifications is, among other things, to foster transparency…
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