CapLaw-2025-19

The legally binding criminal conviction of a CEO for complicity to fraud and criminal mismanagement is a price-sensitive fact that the issuer must disclose pursuant to ad hoc publicity requirements. Although a CEO is entitled to privacy protection, for example under data protection or employment law, the issuer‘s interest in compliance with the ad hoc publicity requirement under the listing rules takes precedence over the CEO‘s interest in privacy protection under data protection or employment law.