Peptonic Medical AB (publ) today announces that the Stockholm District Court has rejected the Swedish Economic Crime Authority’s (EBM) claim for a corporate fine for Peptonic of SEK 500,000.
The judgment relates to the investigation of serious insider crime that Peptonic previously informed about and which are related to measures taken by the company within the framework of a financing arrangement between the company and a financial actor in the spring of 2019. At the beginning of 2022, Peptonic was informed that EBM intended to claim a corporate fine for Peptonic of SEK 500,000 due to the investigation. EBM reiterated its claim in September 2022 in connection with the former chairman, CEO and CFO of the company being charged with serious insider crime. According to the judgment from the District Court, the accused persons and the company are now acquitted on all counts.
Peptonic reserved an amount corresponding to the corporate fine in its third quarter 2022 results. Peptonic intends to decide to dissolve the reserve in connection with results for the second quarter of 2023.
This disclosure contains information that PEPTONIC Medical AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 28-06-2023 16:11 CET.
Erik Sundquist, CEO
Telefon: + 46 722 49 90 43
E-post: erik.sundquist@peptonicmedical.se
About Peptonic Medical AB
Peptonic is a Swedish innovative biomedical company that conducts research, development and sales of medical treatments and lifestyle products in the field of women’s health. Peptonic has divided its operations into two business areas: “Medical Consumer” and “Lifestyle Consumer”. The business area “Medical Consumer” is based on clinically proven intimate self-care and constitutes the company’s main focus and is sold under the VagiVital brand. The “Lifestyle Consumer” business area consists of lifestyle products with a focus on sustainable menstrual products and is sold under the Lunette brand. The company was founded in 2009 and the stock has been traded since 2014 on Spotlight (www.spotlightstockmarket.com) in Stockholm. More information about Peptonic Medical is available on www.peptonicmedical.se.
