AB Science – Clarification following the February 11, 2022 public hearing of the Enforcement Committee of the French Market Regulator (AMF) – QNT Press Release

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PRESS RELEASE

CLARIFICATION FOLLOWING THE FEBRUARY 11, 2022 PUBLIC HEARING OF THE ENFORCEMENT COMMITTEE OF THE FRENCH MARKET REGULATOR (AMF)

Paris, 12 February20twenty two, 8.30pm CET

AB Science SA (Euronext – FR0010557264 – AB) wishes to provide the following clarifications, following press articles published after the public hearing of the Enforcement Committee of the French market regulator (AMF) on Friday, February 11, 2022.

As indicated in the Company’s annual report, the AMF opened in September 2017 an investigation relating to the financial information and the market for AB Science shares. Following this investigation, AB Science and its CEO Alain Moussy received a statement of objections in the first quarter of 2021.

Following this statement of objections, and as required by the procedure, a Rapporteur was then appointed by the Enforcement Committee. The Rapporteur drew up an independent report on the investigation, both incriminating and exculpatory.

The AMF Enforcement Committee met on February 11, 2022 to hear the position of its Rapporteur, the opinion of the AMF’s investigating team, and the parties.

The AMF investigating team upheld the complaints against (i) AB Science for not having communicated to the market in a timely manner what it considered to be privileged information relating to the marketing authorization procedure for masitinib in mastocytosis as of March 7, 2017, and ( ii) Alain Moussy for having used such privileged information to sell part …

Full story available on Benzinga.com

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