(AOF) – Among the biggest decliners on the SRD market, Rallye lost 4.19% to 0.1052 euros. The parent company of Casino announced yesterday in a press release that it had filed an appeal against the decision of the Financial Markets Authority (AMF) rendered on September 7. Rallye, whose share price has fallen by a staggering 95% since the start of the year, was fined 25 million euros for “disseminating false or misleading information likely to fix the price of Rallye shares.” at an abnormal or artificial level.”
The AMF College accused Rallye and Franck Hattab, general manager and head of financial communications of Rallye at the material time, of having disseminated information on 11 occasions between March 8, 2018 and May 15, 2019. false or misleading about the company’s financial situation in 14 communication media presenting in particular “Rallye’s 2017 annual results, its 2018 half-year results and its 2018 annual results”.
Franck Hattab, for his part, was subject to a financial penalty of 1 million euros.