TIDMLIV

RNS Number : 1295N

Livermore Investments Group Limited

27 May 2022

27 May 2022

LIVERMORE INVESTMENTS GROUP LIMITED

("Livermore" or the "Company")

AIM Rule 17 - Schedule 2(g) update

As part of Strand Hanson Limited's ongoing onboarding due diligence, Livermore notifies the following update in relation to directors' disclosure for Noam Lanir, Chief Executive Officer of the Company, pursuant AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

On 22 September 2016, the Administrative Enforcement Committee of the Israel Securities Authority ("the ISA") certified an enforcement arrangement between the ISA and Babylon Limited ("Babylon"), a company listed on the Tel Aviv Stock Exchange, and its officers Alon Carmeli, Noam Lanir, and Shanit Peer Zefoni (the "respondents"). Under the arrangement, Babylon and Carmeli were attributed negligent reporting violations, and negligent inclusion of misstatements in periodic reports was attributed to all respondents. The respondents admitted to the facts stated in the arrangement but did not admit to the commission of the violations. Under the arrangement, a NIS 1 million fine was imposed on Babylon, which undertook to redefine its procedure for issuing immediate reports. A fine of NIS 250,000 was imposed on Alon Carmeli and he was prohibited to serve as a senior officer in a supervised entity for a period of five months. A fine of NIS 150,000 and suspended prohibition to serve as an officer for six months was imposed on Noam Lanir. A fine of NIS 75,000 was imposed on Shanit Peer Zefoni.

Mr Lanir remained Chairman of the Board of Directors of Babylon following the arrangement.

For further information please contact:

 
                                                   +41 (0) 43 344 
 Livermore Investments Group Limited                3200 
 Gaurav Suri 
 
 Strand Hanson Limited (Financial and Nominated    + 44 (0) 20 7409 
  Adviser)                                          3494 
 Richard Johnson, Ritchie Balmer, James Spinney 
 
                                                     +44 (0) 20 7614 
 Arden Partners plc (Broker)                          5900

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFLFVVEEIDFIF

(END) Dow Jones Newswires

May 27, 2022 09:36 ET (13:36 GMT)

Grafico Azioni Livermore Investments (LSE:LIV)
Storico
Da Apr 2024 a Mag 2024 Clicca qui per i Grafici di Livermore Investments
Grafico Azioni Livermore Investments (LSE:LIV)
Storico
Da Mag 2023 a Mag 2024 Clicca qui per i Grafici di Livermore Investments