Public statement relating to Settlement Agreement between the Central Bank of Ireland and ICON Plc

Date21 November 2012
PO BOX 559 T +353 1 224 4000
Dame Street F +353 1 671 6561
Dublin 2
Settlement Agreement between the Central Bank of Ireland
and ICON Plc
The Central Bank of Ireland (the “Central Bank”) has entered into a Settlement Agreement with
effect from 21 November 2012 with ICON Plc (the “Firm”) in relation to breaches of the Market
Abuse Rules issued by the Central Bank in 2009.
The Central Bank reprimanded the Firm and required it to pay a monetary penalty of €10,000.
The breaches related to the Firm’s failure, as a publicly-listed company, to make two market
announcements, within the timelines prescribed in Rule 7.2 of the M arket Abuse Rules 2009 (i.e.,
without delay and in any event not later than the end of the business day following receipt of the
information by the issuer)", in relation to transactions conducted in December 2011 by two persons
discharging managerial responsibilities (“PDMRs”) within the meaning o f the Market Abuse
(Directive 2003/6/EC) Regulations 2005 (as amended). The relevant announcements were not made
by the Firm until almost four months after the transactions occurred.
The Firm identified the breaches and brought them to the attention of the Central Bank.
This settlement should serve as a reminder of the importance of making required disclosures to the
market in a timely and accurate manner.
In deciding the appropriate penalties to impose, the Central Bank took the Firm’s co-operation into
account, that the delay was unintentio nal and the early stage in the market abuse administrative
sanctions procedure at which settlement was reached.
The Firm has confirmed to the Central Bank that it has taken steps to reinforce its procedures in an
effort to ensure that such contraventions do not arise in the future.
The Central Bank confirms that the matter is now closed.

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