Media Release



The Sanctions Commission of SIX Group AG has sanctioned AEVIS VICTORIA SA with a fine of CHF 30’000 for breaching the provisions on ad hoc publicity negligently.

SIX Exchange Regulation AG (SER) which is responsible for monitoring and enforcing stock exchange regulations concerning listed companies, opened an investigation against AEVIS VICTORIA SA after having conducted a preliminary inquiry. The reason hereof was an error with the distribution of an ad hoc announcement, not its content. Having completed a thorough investigation, SER issued a sanction notice. AEVIS VICTORIA SA lodged an appeal with the Sanctions Commission of SIX Group AG against the sanction notice. The appeal was dismissed and AEVIS VICTORIA SA was sanctioned by decision dated 13 February 2024 with a fine in the amount of CHF 30’000. The decision of the Sanctions Commission of SIX Group AG became legally binding after AEVIS VICTORIA SA chose not to appeal.

The Sanctions Commission of SIX Group AG concurred with SER’s sanction notice regarding the alleged violations of the Listing Rules and the Directive on Ad hoc Publicity (DAH). It held that the dissemination of the ad hoc announcement did not comply with the requirements of Art. 7 DAH in conjunction with Art. 8 DAH, Art. 10 para. 2 DAH and as a consequence also with Art. 6 DAH, because of the delayed operation of the e-mail distribution service (push system).

The degree of fault has been qualified as negligent, the severity of the breach as serious. In determining the level of fines, the Sanctions Commission of SIX Group AG considered the impact of the sanction on the party concerned.