Norwegian Financial Supervisory Authority imposes NOK 100000 penalty on Capricorp for late 5 percent threshold disclosure in Soiltec ASA

The Norwegian Financial Supervisory Authority has imposed a NOK 100,000 violation penalty on Capricorp Investments B.V. for breaching major shareholding disclosure rules. The case concerns Capricorp's acquisition of shares in Soiltec ASA, which took its holding above the 5 percent threshold, but the company notified the market after the deadline. Capricorp bought the shares on 16 January 2026 and disclosed the threshold crossing on 17 February 2026. Under the Norwegian Securities Trading Act, the market should have been notified immediately and no later than the opening of the regulated market on the second trading day after the transaction. Finanstilsynet concluded that the objective and subjective conditions for a penalty were met, noting that Capricorp attributed the delay to an internal administrative oversight and that investors active in the Norwegian market are expected to have procedures that ensure timely disclosure. In setting the amount, the authority took account of the 5 percent threshold crossed, the negligent nature of the breach, the length of the delay and penalties imposed in similar cases. The decision will be published on Finanstilsynet's website. Capricorp may appeal within three weeks of receipt, with the Financial Supervisory Appeals Board as the appellate body, and the penalty will be collected by the Norwegian National Collection Agency once the appeal period has expired or any appeal has been decided.