Action required: Please refresh your browser
We have recently implemented some changes that require a hard refresh of your browser: Please hold down the CTRL-key and press the F5 key.
After a successful hard refresh, this message should not appear anymore.
More details about this topic are available here »
| Nasdaq Helsinki Disciplinary Committee imposed a warning and a fine on Oriola-KD Corporation for Breaching the Rules of the Exchange | ||
| By: Nasdaq / GlobeNewswire - 07 Oct 2015 | Back to overview list |
|
Oriola-KD Corporation Stock Exchange Release 7 October 2015 at 3.10 p.m. Nasdaq Helsinki Disciplinary Committee imposed a warning and a fine on Oriola-KD Corporation for Breaching the Rules of the Exchange The Disciplinary Committee of NASDAQ OMX Helsinki Ltd has imposed a public warning and a fine of EUR 50,000 on Oriola-KD Corporation due to breaches of the Rules of the Exchange. According the decision Oriola-KD Corporation has breached the Rules regarding the obligation to maintain adequate administrative procedures and to disclose corrected information in connection to the sale of its Russian businesses without undue delay. On December 8, 2014, the company disclosed a stock exchange release on the sale of its Russian businesses, including an estimate of the recognized loss. In a stock exchange release dated February 2, 2015, the amount of the loss was revised. The Stock Exchange has today published the decision of the Disciplinary Committee in more detail. Oriola-KD aims in all of its operations accurate, explicit and timely communication following all the Rules of the Exchange. According to the opinion of Oriola-KD the correction release was published as soon as the recognized loss was verified in connection with the annual closing process. Oriola-KD takes compliance with the Rules of the Exchange very seriously. Oriola-KD has already implemented corrective actions to avoid similar situations in the future. Oriola-KD Corporation
Eero Hautaniemi
For further information, please contact:
Eero Hautaniemi
Sari Aitokallio
Distribution:
Released by:
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Oriola-KD Oyj via GlobeNewswire
HUG#1957395
|
||
|
|
||
 | Back to overview list | |