Thursday, June 14, 2012

Outokumpu - Disclosure procedure regarding Inoxum acquisition

14 June 2012 at 12.05 pm EET

NASDAQ OMX Helsinki has given a warning to Outokumpu Oyj due to a breach of rules related to disclosure requirements in connection with the announcement of the Inoxum acquisition on 31 January 2012.

Taking especially into account the size, complexity and significance of the acquisition, Outokumpu made all efforts to provide as timely, comprehensive and accurate information as possible. However, the complexity of the transaction unfortunately led to discrepancy in communication timeline between the parties of the transaction.

In the future, Outokumpu intends to further enhance its communications processes to avoid similar situations.

Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 8 000 people in more than 30 countries. The Group’s head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki. 

No comments: