IRELAND: C&C Group fined EUR90,000 over 'insider' list issue
C&C Group said it has changed its procedures
C&C Group has said it has changed its business practices after it was fined EUR90,000 (US$122,000) by Ireland's central bank for failing to keep an up-to-date "insider" list.
The Central Bank of Ireland said yesterday (4 February) that C&C breached trading regulations by not “regularly and promptly” updating its insider list between January 2008 and January 2009. The settlement took into account the company's co-operation, the bank said.
In a statement, C&C said it has confirmed to the bank that since 2009 it has taken steps to change its practices and procedures. The company said that the matter is now closed.
The Magners cider producer last month announced a jump in international group volumes in YTD results, but warned that the UK market remains difficult.
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