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OSLO, June 22 (Reuters) – Fingerprint Playing cards’ (FINGb.ST) board Chair Johan Carlstrom resigned on Wednesday after being discovered responsible of unlawful insider buying and selling, the corporate mentioned in a press release.
Carlstrom was sentenced to 18 months in jail for making 4 unlawful trades within the firm’s shares in 2013 and 2014, a Swedish courtroom dominated earlier. learn extra
The decision will probably be appealed, Carlstrom’s lawyer instructed Sweden’s TT information company.
The share value of Fingerprint Playing cards fell by 9% shortly after the decision was introduced, hitting their lowest since 2018, earlier than paring losses to commerce down 3.7% at 1100 GMT.
Carlstrom is the corporate’s largest shareholder with a stake of seven% and controls greater than a fifth of the corporate’s votes at shareholder conferences.
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Reporting by Terje Solsvik, enhancing by Stine Jacobsen and Jason Neely
Our Requirements: The Thomson Reuters Belief Ideas.
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