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SLEEPZ AG: BaFin imposes administrative fine

On 19 January 2022 BaFin imposed an administrative fine amounting to 120,000 euros on SLEEPZ AG.

The sanction related to a breach of section 115 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). SLEEPZ AG failed to make its half-yearly financial report for the financial year 2019 publicly available.

The company may lodge an appeal against the administrative fine order.

Update (07.03.2022):

The administrative fine order is final and binding.

Source: BAFIN

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