Savox Communications Plc is a Finnish public limited liability company whose shares are traded on the regulated market operated by Nasdaq Helsinki Ltd.
In all its disclosures and communications, the company complies with Finnish and European Union legislation, including the Securities Markets Act (746/2012, as amended) and the Market Abuse Regulation ((EU) No 596/2014, “MAR”). In addition, the company complies, as applicable, with the rules of Nasdaq Helsinki, the guidelines and regulations of the European Securities and Markets Authority (ESMA) and the Finnish Financial Supervisory Authority, the Corporate Governance Code for listed companies maintained by the Securities Market Association, as well as the company’s internal guidelines and policies.
The objective of the disclosure policy is to ensure that all market participants have access to equal, consistent, sufficient and simultaneous information about Savox and its business operations as a basis for the pricing of its financial instruments. The aim of the disclosure policy is also to ensure the proper disclosure of information.
The key principles of the company’s communications are consistency, accuracy, transparency, proactivity and fairness. Savox communicates both positive and negative matters consistently and simultaneously to the capital markets and its stakeholders.
Savox publishes stock exchange releases, press releases and other releases or news.
Financial reporting
Savox publishes its financial statements release, financial statements and the report of the Board of Directors, half-year financial report and interim reports as stock exchange releases in accordance with a pre-announced annual schedule.
Before the beginning of each financial period, the company publishes a financial calendar as a stock exchange release, including the planned publication dates of its financial reports and the date of the Annual General Meeting. The financial calendar is also available on the company’s website.
Continuous disclosure obligation
Savox discloses inside information as soon as possible by means of a stock exchange release. However, the obligation to disclose does not apply to inside information relating to intermediate steps in a protracted process, provided that such steps are connected with or lead to a particular set of circumstances or a particular event. In the case of a protracted process, only the final circumstances or the final event will be disclosed as soon as possible after they have occurred. The obligation to disclose inside information and the procedure for delaying disclosure are described in more detail in the company’s insider guidelines. A stock exchange release through which Savox discloses inside information will indicate in its heading that it contains inside information.
Inside information refers to precise, non-public information which relates, directly or indirectly, to the company or its financial instruments and which, if made public, would be likely to have a significant effect on the price of those financial instruments or related derivative financial instruments.
Quiet period
The regularly published financial reports are preceded by a quiet period, which begins 30 days before the publication date of the next financial report. During the quiet period, company representatives do not discuss the financial result or factors affecting it with representatives of the capital markets or the media. The quiet period ends upon the publication of the financial statements release, an interim report or the half-year financial report.
If an event occurring during the quiet period (such as a material business event) requires immediate disclosure, Savox will disclose the information without delay in accordance with applicable disclosure rules and procedures and may comment on the event after its publication. In addition, Savox may, at its discretion, publish current business-related news during the quiet period by means of other releases.