Probe takes place into set-top box firm Pace

Set-top box maker Pace Micro Technology today confirmed its involvement in an investigation into the breaching of British stock market rules.

The UK's Financial Services Authority, the City regulator, has already found against Pace and its chief executive John Dyson, although an appeal means the matter has been referred to the UK Financial Services and Markets Tribunal.

Details of the case have not been made public, but it is understood to be based around the proper disclosure of information. It is not thought to concern share dealings.

In a stock market statement, the company confirmed its involvement in the case but said it was prohibited from making any further comment until the matter had been resolved.