Tallinn, Estonia, 2014-03-13 11:25 CET (GLOBE NEWSWIRE) --
AS Merko Ehitus has approved its external disclosure policy. In its external disclosure policy, Merko complies with Estonian law, the rules and regulations issued by NASDAQ OMX Tallinn, and guidelines provided by the Estonian Financial Supervisory Authority. This policy describes the essential operating principles which Merko Ehitus as a listed company observes when communicating with the capital markets and the media.
The purpose of the disclosure policy is to ensure access to simultaneously sufficient and accurate information on the company and its business operations to establish the price formation of securities issued by the company. Information is published without any undue delay and equitably. The key principles in Merko’s communications are consistency, equitability, transparency, honesty and proactiveness.
There is a new key principle about publishing information regarding construction contracts. The information on a construction contracts is disclosed as a stock exchange release if the value of the contract price exceeds 3 million euros without VAT and, in case of a public procurement, without the contracting authority’s reserve. In general, Merko discloses information only on concluded contracts, i.e. the information is released after the contract is signed.
Merko Ehitus external disclosure policy is enclosed to this release and can also be read in its entirety in the investors section on Merko Ehitus homepage
http://www.merko.ee/eng/investor/news/disclosurepolicy.
AS Merko Ehitus (www.merko.ee) comprises the leading Estonian construction company AS Merko Ehitus Eesti, the Latvian market based SIA Merks and the Lithuanian market based UAB Merko Statyba as well as the group’s real estate development business unit together with companies holding real estate properties. As at the end of 2013, the group employed 860 people and the 2013 revenue amounted to EUR 262.7 million.
Signe Kukin
Group CFO
AS Merko Ehitus
Tel: +372 6 501 250+372 6 501 250
E-mail: signe.kukin@merko.ee
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