Hellenic Capital Market Commission approves TOR HOLDINGS bond prospectus, authorises Virtuo Trade and APOLIS AIF, and fines AVAX deputy chair for closed-period dealing

The Hellenic Capital Market Commission approved a bond prospectus for TOR HOLDINGS SA, authorised VIRTUO TRADE SINGLE-MEMBER S.A. to provide specified investment and ancillary services, authorised the establishment of the APOLIS – ALTERNATIVES SELECT AIF, and imposed a EUR 4,000 fine on an AVAX SA board member for closed-period dealing. The prospectus approval covers a public offering and admission to trading of up to 140,000 dematerialised, common, registered bonds on the fixed income securities trading segment of the Athens Stock Exchange, issued through a common bond loan. VIRTUO TRADE was authorised under Regulation (EU) 2017/1945 and Delegated Regulation (EU) 2017/1943 for reception and transmission of orders and execution of orders, plus the ancillary services of safekeeping and administration of financial instruments for clients and foreign exchange services, in relation to financial instruments 4 and 9 in Section C of Annex I to Law 4514/2018. For APOLIS – ALTERNATIVES SELECT AIF, the Commission approved the fund’s rules of procedure and custodian and approved IOLCUS INVESTMENTS SA as the AIF management company under Articles 37 to 56 of Law 4706/2020. The fine was imposed on AVAX SA Deputy Chairman Konstantinos Kouvaras for conducting share purchases in AVAX SA during the 30-calendar-day closed period ahead of the announcement of the issuer’s half-yearly 2024 financial results, in breach of Article 19 of Regulation (EU) 596/2014.