By Alex Davidson (August 5, 2022, 4:17 PM BST) -- The Financial Conduct Authority said Friday that it has fined a former non-executive chairman of listed medical product company ConvaTec Group PLC £80,000 ($97,000) for unlawfully disclosing inside information.
Christopher Gent disclosed inside information to individuals in senior positions at two of ConvaTec's major shareholders in 2018 before the information was announced properly to the market, the regulator said in a statement.
The FCA said it considers that Gent acted negligently in making the disclosures on Oct. 10 that year about an expected statement to the London Stock Exchange by ConvaTec about a revision of its financial guidance and the chief executive's plans...
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