Investor relations

IR contacts

 

Emilia Peltola
Vice President, Communications & IR
tel. +358 10 214 3082
emilia.peltola@suominencorp.com

 

Requests for executive appointments shall be addressed to Eeva Oinonen, Executive Assistant, PA to President & CEO, tel. +358 10 214 3551.

Questions are also welcomed at communications@suominencorp.com

Follow Suominen in Social media: Twitter (@SuominenCorp in English and @SuominenOyj in Finnish) and in LinkedIn.

 

Flagging notices

 

Shareholders are kindly asked to submit their flagging notices to communications@suominencorp.com.

IR principles

 

The goal of Suominen’s investor relations (IR) is to provide reliable, sufficient and up-to-date information to enable the market to set a value on the company’s share. Suominen follows the principle of equality in its investor communications.

Suominen regularly arranges investor meetings in connection with the disclosure of financial results. Company representatives also meet with investors in other events organized by the company or other bodies.

Suominen’s silent period commences 30 days prior to the publishing financial statements release or interim report and ends on the date publishing thereof. No investor meetings are organized during the silent period nor are the Group’s financial results or development commented.

Stock exchange releases are published in Finnish and English and are provided simultaneously to key media. The company also publishes all releases without undue delay on its website.

For more detailed information, please see our Disclosure policy below. 

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Disclosure policy

 

1 Background

Suominen Corporation (“Suominen” or the “Company”) complies in its communications with the applicable Finnish and EU legislation, such as the EU Market Abuse Regulation (the “MAR”), Nasdaq Helsinki Ltd’s rules, the Finnish Financial Supervisory Authority’s guidelines and the Company’s corporate governance principles.

The purpose of this Disclosure Policy (the "Policy") is to describe the key principles that Suominen follows when communicating to the capital market and the media. This Policy has been approved by the Board of Directors on August 11, 2020 and it replaces the disclosure policy approved on April 24, 2019. This Policy will be reviewed and updated when needed.

2 General principles

Suominen’s communications are based on facts and the key principles of being systematic, open, honest, equal, and active. Suominen communicates both positive and negative issues equally to all external stakeholders, and aims to give a fair and correct view of the Company’s operations without undue delay. The goal of Suominen’s investor relations is to support the correct valuation of Suominen’s share by communicating reliable, sufficient and up-to-date information to the capital markets about Suominen’s operations, operating environment, strategy, objectives, and financial performance.

3 Regulated disclosure practices

Suominen discloses information about its financial performance according to a schedule announced in advance. The Company's IR calendar regarding the planned release dates for the annual financial statements and the following year’s quarterly reports is published prior to the beginning of a new financial year. The IR calendar is also available on the Company’s website. In principle, information about the Company’s financial performance, financial position, outlook, profitability development, or other essential matters related to Suominen’s operations and operating environment is given in interim reports, half year reports, and financial statements. All new information between the publication of these reports which is deemed to have a significant effect on the Company’s financial instruments, is always published as a stock exchange release.

 

Disclosure of insider information

Any inside information that directly concerns Suominen is made public as soon as possible, and a business matter containing inside information is disclosed to the market at the time when it is deemed to become insider information.

The Board of Directors of Suominen or in urgent cases the President and CEO is responsible for defining whether information falls under the definition of inside information.

The Company may postpone the disclosure of inside information if all of the following requirements are met: (i) the immediate disclosure of the information is likely to prejudice the legitimate interests of the Company; (ii) the immediate disclosure of the information is not likely to mislead the public and (iii) the Company is able to ensure the confidentiality of the information. In connection with a decision to postpone the disclosure of inside information, the preconditions for postponement are documented, an insider list concerning the matter is established and a formal decision on postponement is made.

 

Financial targets and outlook statement

Changes to the Company's financial targets are published in a stock exchange release.

Suominen gives a financial outlook as part of the Company’s financial statements release which includes the management’s estimation for the comparable operating profit for the current financial year. The outlook is published also in connection with each interim report during the financial period. Suominen does not publish outlooks for individual quarters. Suominen reserves the right not to publish financial outlooks in exceptional circumstances.

 

Profit warning

A profit warning will be issued without undue delay if Suominen’s financial results during a financial period deviate in an unexpected and significant way from what could reasonably be expected based on information previously disclosed by the Company.

Suominen’s President and CEO will estimate and decide, together with the Chair of the Board, whether there is a need to issue a profit warning. A profit warning is always published as a stock exchange release.

 

Changes in shareholdings

Shareholders of listed companies have an obligation to notify both the Finnish Financial Supervision Authority and the listed company in question of changes in their holdings. Changes must be disclosed when 1) direct holdings, 2) holdings through financial instruments or 3) the sum of these reach, exceed, or fall below 5%, 10%, 15%, 20%, 25%, 30%, 50%, 90% or two-thirds of the company’s voting rights or the total number of shares. Suominen will publish this information as a stock exchange release without undue delay after the shareholder has notified Suominen and Financial Supervisory Authority of such a change.

 

Managers’ transactions

Suominen publishes notifications on transactions related to Suominen’s share conducted by persons discharging managerial responsibilities and persons closely associated with them when the transaction reaches a threshold of EUR 5,000 (without netting) on a yearly level in accordance with the provisions of the MAR. Persons obliged to disclose such transactions consist of the members of Suominen’s Board of Directors as well as the President and CEO and other members of the Company's Executive Team, including persons closely associated with them. Notifications of transactions are published as a stock exchange release within three business days from the date of the transaction.

4 Other disclosure practices

Contact with investors, analysts and media

Suominen’s Communications and IR function handles the communication with investors, analysts and media centrally. Suominen’s top management, together with a representative from Investor Relations, participates in meetings with investors, analysts and media. The goal of the meetings is to provide useful information about Suominen and its operating environment. Discussions are based on information previously published by Suominen or on information generally available to the market. New information that would be deemed to have a significant effect on the value of the Company’s financial instruments is not introduced in such meetings. 

 

Silent period

Suominen observes a 30-day silent period prior to the publishing of its financial result. During this time Suominen does not comment on the Company’s financial performance, markets, its future outlook or business prospects. During this time Suominen’s management and other employees do not meet with the representatives of the capital markets or the financial media.

 

Rumors, market speculations and leaks

Suominen does not comment on market rumors, share price development, actions of competitors or customers, or analyst estimates. If the management of the Company estimates that a market rumor is likely to have a significant effect on the price of Suominen’s financial instrument, Suominen may consider publishing a stock exchange release to correct incorrect or misleading information and to provide correct information in a non-discriminatory way. Suominen does not comment business matters in preparation. However, in the event that information expected to have a significant impact on Suominen's financial instruments is leaked, Suominen will publish a stock exchange release on the matter.

 

Spokespersons

Suominen’s President and CEO, CFO and Vice President of Communications & IR are in co-operation responsible for the Company's financial reporting and investor communication. Comments relating to Suominen’s financial performance, markets, and outlook are given by the President and CEO and the CFO. In addition to them, only the Chair of the Board may provide statements regarding the financial standing and development of the Company. 

5 Releases published by Suominen

Suominen’s releases are divided into two categories: stock exchange releases and press releases. The category of the release is determined based on significance and relevance of the information and according to internal guidelines.

 

Stock exchange releases

In stock exchange releases Suominen publishes important decisions, matters and developments that are deemed to have a significant effect on the value of Suominen’s financial instrument.

A stock exchange release is used to announce, for example, financial statements, interim reports, key strategic matters and significant changes in the financial and general outlook. A stock exchange release is also used to announce e.g. changes in the Board of Directors or the Company’s management, significant investments, financial arrangements and transactions, significant new direction for business or new co-operation arrangement, information on share issue, purchase or redemption offer or other change related to the Company’s financial instruments such as combination or splitting of share series, initiation of major legal proceeding or ruling therein or significant decisions by authorities. Also  invitation to the general meeting, proposals by the Board of Directors and Nomination Board for the general meeting, issuance of shares, change of the auditor of the Company, share based incentive plans, significant transactions between the Company and its related parties and purchase or conveyance of the Company’s own shares are disclosed as a stock exchange release.

Suominen’s President and CEO or a person authorized by him approves stock exchange releases and Communications and IR fuction publishes them through Nasdaq Helsinki.

 

Press releases

Suominen’s press releases are used to communicate events related to Suominen’s business that do not include inside information but are estimated to be newsworthy or of general interest to stakeholders. Communications publishes Suominen’s press releases. 

6 Channels, distribution of releases and their availability

Suominen publishes all inside information as a stock exchange release through Nasdaq Helsinki and main media channels. However, the main source of information about Suominen is the Company’s website at www.suominen.fi.

Stock exchange releases and press releases published by Suominen are available on Suominen’s website without undue delay after the information has been disclosed. The website includes an archive of previously published releases and financial reports dating back a minimum of five years. As an obligation of a listed company on Nasdaq Helsinki stock exchange, Suominen’s official reporting language is Finnish. All official material will be published both in Finnish and English.

Suominen may also provide a public webcast when financial results and important news are being disclosed.

7 Communications in exceptional situations

In crisis situations the local management of Suominen’s business units commences crisis management procedures, including communications procedures. In case the management of the Company estimates the situation to be so serious that it is likely to have a significant effect on the price of Suominen’s financial instruments, the responsibility of communications is transferred to Suominen’s Communications function and a stock exchange release shall be published as soon as possible.

8 Insider guidelines

In issues related to inside information Suominen complies with the applicable legislation, standards of the Finnish Financial Supervisory Authority as well as Nasdaq Helsinki Ltd’s guidelines for insiders. Suominen observes a 30-day closed window period prior to the publication of financial reports, such as interim reports, half-year reports and financial statements. During this period, the members of Suominen’s Board of Directors and Executive Team as well as other Suominen employees who participate in preparing these financial reports are not permitted to buy or sell securities issued by Suominen.

9 Interpretations and deviations

The interpretation and application instructions related to this Policy are provided by the President and CEO or a person nominated by him/her.

 


Approved by the Board of Directors on 23 September 2008

Revised on 20 March 2009

Revised on 21 April 2010

Revised on 30 March 2011

Revised and amended on 24 April 2012

Revised and amended on 18 April 2013

Revised and amended on 28 April 2014

Revised and amended on 24 April 2015

Revised and amended on 27 April 2016

Revised and amended on 28 June 2016

Revised and amended on 11 August 2020