Outokumpu's information disclosure as a Finnish listed company is regulated by the Finnish Companies Act, Finnish Securities Markets Act as well as the rules and recommendations of NASDAQ OMX Helsinki and the Finnish Financial Supervisory Authority. Outokumpu strictly adheres to all disclosure regulation. It means that Outokumpu will disclose all information that may have a material impact on the value of the company’s securities to the stock exchange and the main media without undue delay right after the decision has been made or the information comes to the company’s notice. Also changes in price sensitive information are disclosed according to the same principles. The disclosure of price sensitive information will be evenly fulfilled irrespective of whether the information is positive or negative for the company.
At Outokumpu potentially price sensitive information can be e.g. the following:
- Acquisitions or divestments of businesses
- Major investment projects and their progress
- Historical financial performance related to a period where interim report has not yet been published
- Production cost information if not public
- Information on future financial performance, sales and production plans, price information, stainless demand development
- Deviation from previously announced forecasts for financial performance, price development, delivery and production volumes
- Major changes in strategy
- Major reorganizations
- Significant rationalizations, redundancy programs or close-downs of operations
- Financial or production impacts of industrial action, strikes, fires or other major incidents
- Commissioning or opening of major production plants or lines
- Decisions taken by authorities or courts of law
- Changes in Board of Directors, Executive Committee and auditors
Outokumpu's Communication and Investor Relations function is responsible for preparing and distributing stock exchange releases of price sensitive information. The disclosures will include all details that are required by receivers for them to be able to build a correct picture of the company's true financial situation, and risks and opportunities facing in the future. The distribution is organized in a manner that guarantees that the information reaches all target groups (the stock exchange, media, investors and analysts, employees and other stakeholders) simultaneously. All price sensitive information that has been disclosed is immediately available on the company's website providing equal access to it.
Share price sensitive information is insider information until it is disclosed according to the company's disclosure principles. Outokumpu’s legal department is responsible for managing insider issues, training of insiders and administering the insider register. Irrespective of whether an employee is a registered insider or not, he/she is not allowed to disclose any non-public price sensitive or otherwise sensitive information to people who do not need it when performing their work duties.
If material price sensitive information is accidentally disclosed at a non-public occasion, a stock exchange release on the issue will be published without delay.