NGM's Disciplinary Committee has decided to impose a fine of SEK 3,000,000 on Valuno Group AB (publ) with reference to a number of prior shortcomings in the company's disclosure practices and corporate governance. The full decision is published on NGM's website.
Valuno comments on the decision
Valuno notes the Disciplinary Committee's decision. The company has presented the circumstances and acknowledged the shortcomings and violations covered by the matter, taking full responsibility for these. The shortcomings arose during a brief period marked by significant changes in the company's management and board. The company has since implemented extensive measures to strengthen governance, disclosure practices and regulatory compliance.
"The Disciplinary Committee's decision is serious and we accept it in full. The shortcomings identified are not acceptable, and we regret that they occurred. Since the new management took office in April, a structured improvement programme has been carried out, with the majority of measures already in place and the remainder under implementation. We will continue that work with full determination and are committed to restoring confidence in Valuno in the market."
— Peter Liljeroos, CEO Valuno Group AB (publ)
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For further information, please contact:
Peter Liljeroos, CEO, Valuno Group AB (publ)
+46 72-161 05 11
investor@valuno.com
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About Valuno Group AB
Valuno is a Swedish fintech company with a vision of a borderless economy where cryptocurrencies and digital payments are seamlessly integrated into everyday life. The company offers solutions for crypto payments, digital wallets, and related financial services. Valuno has been listed on NGM Nordic SME since July 2019. For more information, visit www.investor.valuno.com.