Espoo, Finland, 2015-12-07 12:15 CET (GLOBE NEWSWIRE) --
EFORE PLC Stock Exchange Release December 7, 2015 at 1.15 p.m
As a consequence of the new stock exchange rules valid from December 1, 2015, Efore changes its reporting practice and will not prepare three and nine month interim reports from now on. Fluctuations between the quarters are significant due to the characteristics of the business and the periodic fluctuations in the telecommunication sector, making comparisons from quarter to quarter difficult. During a six month period the quarterly variations are expected to be more balanced and comparability of the periods will improve. The new practice will also reduce administration costs of the company and enable the company to concentrate on operational development.
At the same time the company updates its disclosure policy and insider guidelines. The company applies 30 days closed period before the publication date of the annual or interim report. During this time the company refrains from discussing with representatives of the capital markets and the media about the financial position or business operations of Efore. As a result of the updated insider guidelines Efore’s permanent insiders are not allowed to trade Efore Plc securities for a period starting 30 days prior the publication of the company’s financial statement bulletin or interim reports and ending the day following the day of the release of such a report (closed window).
Efore Plc will disclose the following financial reports in 2016:
- Financial Statements Bulletin 2015: February 12, 2016
- Half year 2016 (January 1, 2016 - June 30, 2016): August 10, 2016
The Annual General Meeting will be held on March 30, 2016. The Annual Report for 2015 will be published during week 10 in 2016.
In addition to the stock exchange release the company aims actively to disclose events related to the company's business operations that do not fulfil the criteria for stock exchange releases but are nonetheless estimated to be newsworthy, have value in terms of market communications or otherwise be of interest to stakeholders.
Efore's website (www.efore.com) is the main communication channel to all stakeholders. All Efore’s stock exchange and press releases are available on the company website. In addition to its website, Efore uses various methods and channels to communicate with stakeholders, such as bulletins, releases and other publications, social media channels, interviews, public appearances, conference calls and webcasts.
EFORE PLC
Board of Directors
For further information please contact Heikki Viika, President and CEO, tel. +358 9 4784 6312.
DISTRIBUTION
Nasdaq Helsinki
Principal media
Efore Group
Efore Group is an international company which develops and produces demanding power products. Efore's head office is based in Finland and its production units are located in China and Tunisia. Sales and marketing operations are located in Europe, United States and China. In the fiscal year ending in December 2014, consolidated net sales totalled EUR 85,3 million and the Group's personnel averaged 914. The company's share is quoted on the Nasdaq OMX Helsinki Ltd. www.efore.com