The CEO of supermarket group C1000 has been fined €200,000 for spreading insider information by the financial markets regulator AFM.
According to the AFM, Tom Heidman told a group of C1000 workers that the company was about to become involved in a battle – hinting at the potential takeover of a number of Super de Boer supermarkets. This was just after competitor Jumbo had gone public with its own offer for Super de Boer.
One of those present bought Super de Boer shares. He was later fined €114,000 – his initial investment plus profit on the deal.
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