Livermore Investments Group Limited AIM Rule 17 -- Schedule 2(g) update (1295N)
May 27 2022 - 9:36AM
UK Regulatory
TIDMLIV
RNS Number : 1295N
Livermore Investments Group Limited
27 May 2022
27 May 2022
LIVERMORE INVESTMENTS GROUP LIMITED
("Livermore" or the "Company")
AIM Rule 17 - Schedule 2(g) update
As part of Strand Hanson Limited's ongoing onboarding due
diligence, Livermore notifies the following update in relation to
directors' disclosure for Noam Lanir, Chief Executive Officer of
the Company, pursuant AIM Rule 17 and Schedule 2(g) of the AIM
Rules for Companies.
On 22 September 2016, the Administrative Enforcement Committee
of the Israel Securities Authority ("the ISA") certified an
enforcement arrangement between the ISA and Babylon Limited
("Babylon"), a company listed on the Tel Aviv Stock Exchange, and
its officers Alon Carmeli, Noam Lanir, and Shanit Peer Zefoni (the
"respondents"). Under the arrangement, Babylon and Carmeli were
attributed negligent reporting violations, and negligent inclusion
of misstatements in periodic reports was attributed to all
respondents. The respondents admitted to the facts stated in the
arrangement but did not admit to the commission of the violations.
Under the arrangement, a NIS 1 million fine was imposed on Babylon,
which undertook to redefine its procedure for issuing immediate
reports. A fine of NIS 250,000 was imposed on Alon Carmeli and he
was prohibited to serve as a senior officer in a supervised entity
for a period of five months. A fine of NIS 150,000 and suspended
prohibition to serve as an officer for six months was imposed on
Noam Lanir. A fine of NIS 75,000 was imposed on Shanit Peer
Zefoni.
Mr Lanir remained Chairman of the Board of Directors of Babylon
following the arrangement.
For further information please contact:
+41 (0) 43 344
Livermore Investments Group Limited 3200
Gaurav Suri
Strand Hanson Limited (Financial and Nominated + 44 (0) 20 7409
Adviser) 3494
Richard Johnson, Ritchie Balmer, James Spinney
+44 (0) 20 7614
Arden Partners plc (Broker) 5900
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