Media Release

SIX Exchange Regulation AG (SER) which is responsible for monitoring and enforcing stock exchange regulations concerning listed companies, opened an investigation against Interroll Holding Ltd on 3 March 2021 after having conducted a preliminary inquiry. The reason hereof was the annual report published on 22 March 2019. Having completed a thorough investigation, SER submitted a sanction proposal to the Sanctions Commission of SIX Group AG. The Sanctions Commission of SIX Group AG followed the sanction proposal and sanctioned Interroll Holding Ltd by decision dated 24 June 2022 with a fine in the amount of CHF 100’000. The decision of the Sanctions Commission of SIX Group AG became legally binding after Interroll Holding Ltd chose not to appeal.

The Sanctions Commission of SIX Group AG largely concurred with SER’s sanction proposal regarding the alleged violations of the Listing Rules (LR) and the Directive on Ad hoc Publicity. It held that the publication of the annual report on 22 March 2019 occurred too late. Interroll Holding Ltd should have published the annual report “as soon as possible” after its approval by the Board of Directors and receipt of the audit certificate from the auditors on 6 March 2019.

In determining the sanction, the Sanctions Commission of SIX Group AG took into account the degree of fault, the severity of the breach, which was qualified as minor, and the sensitivity to a sanction.

Interroll Holding Ltd cooperated throughout the process and has since taken steps to ensure that in the future the processes associated with publication of the annual report meet the requirements set out in Art. 53 LR.