Talvivaara Mining Company Plc: The Helsinki District Court has given its ruling on the disclosure case
(Thomson Reuters ONE) -
Stock Exchange Release
Talvivaara Mining Company Plc
2 June 2017
The Helsinki District Court has given its ruling on the disclosure case
Talvivaara Mining Company Plc ("Talvivaara" or "Company") has been informed
about the decision regarding charges related to Talvivaara's disclosure
practices. The Helsinki District Court ("Court") has given a suspended sentence
to CEO Pekka Perä for disclosure offenses during 2012-2013. Of the ten charges
concerning Mr. Perä, seven were dismissed in their entirety and one partially.
The other defendants, former CEO of the Company Harri Natunen and the Company's
former CFO / Deputy CEO Ms. Saila Miettinen-Lähde were given fines. The Court
ordered the Company to 50 000 EUR corporate fines, which according to the
Company is however considered restructuring debt. The Company and the defendants
continue assessing the ruling and its merits, and it is likely that the handling
of the case will continue at the Helsinki Court of Appeals.
In addition, the Helsinki District Court gave a decision on the charges against
a member of the Company's Executive Committee on the misuse of inside
information and gave to the Executive Committee member a suspended sentence for
misuse inside information. The Company was not involved in the matter.
In Talvivaara's view, the decisions by the District Court have no effect on the
Company or its financial position nor do they give any reason to reassess the
position of the CEO.
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Mr. Tapani Järvinen, Chairman of the Board
Helsinki District Court has given its ruling on the disclosure case:
http://hugin.info/136227/R/2110076/801894.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.06.2017 - 09:06 Uhr
Sprache: Deutsch
News-ID 545990
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