On 16 November 2021, BaFin imposed an administrative fine amounting to 105,000 euros on Tuff Group AG.
The sanction related to a breach of section 115 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Tuff Group AG failed to make its half-yearly financial report for the financial year 2020 publicly available within the prescribed period.
The company may lodge an appeal against the administrative fine order.
The administrative fine order is final and binding.