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Decision of the FSMA’s sanctions committee regarding Value8 NV and Mr Peter Paul de Vries

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In its decision taken on 6 October 2020, the Sanctions Committee of the FSMA imposed an administrative fine of 40,000 euros and 60,000 euros respectively on Value8 NV, a company governed by the law of the Netherlands and listed on Euronext Amsterdam, and on Mr Peter Paul de Vries, the company’s CEO, for an infringement of the prohibition against market manipulation with regard to the Sucraf NV share.

The Sanctions Committee decided to publish this sanctions decision with the names of the parties concerned. The complete text is available on the website of the FSMA.

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Regulator Information

Abbreviation: FSMA
Jurisdiction: Belgium

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