Eoin Malcolm Miller Johnson

Eoin Malcolm Miller Johnson, a former director and chairman of NZX-listed Promisia Integrative Limited (PIL), admitted to insider trading conduct and breaching a director’s disclosure obligations.

August 2019

Eoin Malcolm Miller Johnson admitted to insider trading conduct and breaching a director’s disclosure obligations. He will pay $75,000, in lieu of a penalty, to the Financial Markets Authority (FMA).

For the next five years, Mr Johnson is barred from acting as a director, senior manager or consultant for a listed company or any entities regulated by the FMA.

Mr Johnson made the admissions and agreed to pay the sum as part of an Enforceable Undertaking given to the FMA. He will also resign from all directorships he has not already resigned from, except for his personal and family investment companies - Aratas Consulting Services Limited and Halland Investments Limited – which are not regulated by the FMA.

The sanctions, including admissions of breaching trading laws, payment in lieu of a penalty and management ban, mean that a court proceeding is unnecessary.

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