According to one of Shine’ online notices regarding EML, class actions practice leader Joshua Aylward said the firm was investigating whether EML’s delayed response to the letter breached continuous disclosure laws. EML said the Central Bank could issue directions that would materially impact its European operations. It added in the trading update that it “may see an impact of delayed programme launches” and transaction fees. In its trading update, EML said it remains in ongoing dialogue with the Central Bank regarding its concerns. Since the announcement of the Central Bank investigation, EML has recovered half of the share price loss it sustained.

Source: Irish Independent June 13, 2021 01:30 UTC