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Randstad as legal successors of Vedior are appealing against a â‚¬96,000 fine imposed by the Dutch Market Regulator (AFM). The fine relates to the investigation by the AFM into Vedior N.V. and its share price movements on 30 November 30 2007.
The news comes after the Dutch courts yesterday also ratified an agreement originally made between Vedior and the Dutch Shareholders Association (VEB) on 1 February 2008 to pay â‚¬4.25 million in compensation to shareholders of Vedior. Vediorâ€™s share price rose nearly 20% on 30 November 2007 following rumours of a takeover by Randstad. Under the terms of the agreement, shareholders who sold their shares that morning between 9:00 am and 11:34 am CET will be compensated for 80% of the difference between the selling price and the price of the shares when trading was resumed at 13:20 and a press release had been issued by Vedior.