STOCKHOLM (Reuters) – The Stockholm Stock Exchange’s disciplinary committee has fined Swedish airline SAS for the way it handled information related to a pilot’s strike on July 4.
On Friday, SAS said reporters waiting outside the building where talks were taking place over the dispute reported the breakdown of negotiations and the strike just minutes before the company issued an official statement on the developments.
The airline said Nasdaq Stockholm, which operates the Stockholm Stock Exchange, had imposed a fine equivalent to three times the stock exchange’s annual fee of SAS.
Nasdaq Stockholm said in a separate statement that the fine amounted to 1.96 million Swedish crowns ($ 175553).
“SAS has taken measures to strengthen measures aimed at ensuring that inside information does not reach the media before the company has finished distributing a regulatory press release,” the company said in its statement. (One dollar = 11.1647 Swedish krona).