Fly Play hf.: Settlement reached with the Financial Supervisory Authority

Core Viewpoint - Play Airlines has accepted a settlement with the Financial Supervisory Authority of the Central Bank of Iceland regarding compliance issues related to revenue disclosure and operating results for the latter half of 2022 [1][4]. Group 1: Settlement Details - The settlement requires Play Airlines to pay a fine of ISK 15,800,000 and acknowledges the violation of Article 17(1) of the Market Abuse Regulation (MAR) [4]. - The investigation focused on whether the draft Q3 2022 interim financial statements contained inside information and if their disclosure was timely [2]. Group 2: Company Position - Play Airlines maintained that the information in question did not constitute inside information, arguing that their initial forecast was broad and not price sensitive [3]. - The company fully cooperated with the FSA during the investigation, providing all relevant documentation [3].