While monitoring the movement of securities of the issuer Commercial Bank "Moldova Agroindbank" SA capital market, they were found the following.
Between 04/18/2016 - 28/04/2016 on the regulated market through interactive polling, in 5 transactions, the investment company "VALINVEST" SA traded on behalf of the customer LLC "Innovative Payment Solutions" and LLC "Taiger Impex "with Beneficial owners of Ukraine, in 1031 (0.0994%) shares issued by Commercial Bank" Moldova-Agroindbank "the price in these transactions increased artificial / abnormal (within 4 working days) from 1,100 lei at 2660 lei per share per share or 142%, the total volume of which constitutes 0.0998% of the total shares issued by the bank.
Price development in transactions on the regulated market (stock exchange) actions Commercial Bank "Moldova Agroindbank" SA during 2012-18.04.2016, as discussed in the table below shows that the lowest price was recorded 2014 and amounted to 999.99 lei per share and the highest price was recorded in 2012 and amounted to 1250 lei per share. Cumulative volume of transactions during the period amounted to 46.7% of total shares issued by the bank.
during
an.2012
an.2013
an.2014
an.2015
01/01/16 to 04/18/16
The price per share, lei
minimum
average
maximum
minimum
average
maximum
minimum
average
maximum
minimum
average
maximum
minimum
average
maximum
1,100
1140.95
1,250
1,000
1028.65
1,100
999,99
1026.27
1,100
1,025
1037.3
1,107
1,000
1.71,77
1,100
Between 29/04/2016 - 20/05/2016 were exposed offer of sale of shares Commercial Bank "Moldova Agroindbank" SA at prices that ranged between 1799 and 2800 lei lei per share, without being executed, which reveals the lack of applications to purchase bank shares at inflated prices actually demonstrates that the price of transactions made within the period 18-28.04.2016 is priced artificially (manipulated).
Based on the above and of the information held by the National Commission of Financial Market, certify that the above transactions may provide misleading information regarding the price of shares issued by Commercial Bank "Moldova Agroindbank"
In order to ensure enforcement of legal provisions relating to the application of a fair price, given the circumstances disclosed by the National Bank and National Anti-Corruption Center, under Article 1. (1), Article 3, Article 8 lit. b) Article 9 para. (1) d) lit.n) and letter o), art. 20 (1), art. 21 (1), Article 22 para. ( 1) and. (3), Article 25 para. (2) of Law No. 192-XIV of 12.11.1998 "on the National Commission of Financial Market" (republished in the Official Gazette of the Republic of Moldova, 2007, no. 117 -126 BIS), article 1, article 5, article 23 para. (6) b), Article 128 para. (2) point 1) a), article 139 para. (1 ) a) of Act # 171 from 11.07.2012 "on the capital market" (Official Gazette of the Republic of Moldova, 2012 nr.193-197)
NATIONAL FINANCIAL MARKET COMMISSION DECIDES
:
1. Qualifies as a manipulated price on the stock market price formed in transactions on the regulated market during 25.04.2016-28.04.2016 securities issued by Commercial Bank "Moldova Agroindbank"
2. Prescribing Stock Company "Stock Exchange of Moldova" and persons licensed and authorized to provide services in the capital market not to take into account the prices and number of shares traded on the regulated market in the period 25.04.2016 - 28.04.2016 in determining fair price and weighted average price.
March. Resolve Money Laundering Prevention and Combating Service Center within the National Anticorruption transactions related materials specified in this decision for examination and take the attitude according to competence.
4. Control over the execution of this decision is entrusted with Surveillance Directorate General Securities.
May. This decision shall enter into force upon adoption, will be published on the official website of the National Commission of Financial Market (www.cnpf.md) and in the Official Gazette of the Republic of Moldova.
COMMISSION VICE NATIONAL FINANCIAL MARKET Iurie FILIP
