The Central Bank of Ireland has imposed total sanctions of EUR 67,580 on Alan Dalton, a former HealthBeacon PLC employee, for insider dealing on two occasions in breach of the Market Abuse Regulation (MAR). The settlement includes the central bank’s first use of disgorgement as a sanction, requiring Dalton to surrender the financial benefit obtained by avoiding a loss.
Through his role, Dalton learned of supply chain problems that would prevent HealthBeacon from producing its Smart Sharps Bin in the volumes previously communicated to investors. After leaving the company, he instructed his broker to sell his shares on June 27 and July 4, 2022, while holding that inside information. HealthBeacon disclosed component delays and reduced its deployment forecast on July 6, 2022, causing its share price to fall sharply. Dalton avoided a loss of EUR 21,800. Neither the company nor its other employees or agents were investigated.
Dalton admitted the breaches and reached a settlement with the central bank on November 10, 2026. The sanctions comprised EUR 21,800 in disgorgement and a monetary penalty of EUR 65,400 before a 30% settlement discount. The discount applied only to the monetary penalty, reducing the total payable from EUR 87,200 to EUR 67,580.