Outokumpu - Disclosure procedure regarding Inoxum acquisition
OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
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.
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