Thu October 29 01:50 pm 2020 in category Stock exchange releases
Nokian Tyres plc: Prosecutor to press charges in securities markets case
Nokian Tyres plc Stock Exchange Release October 29, 2020 at 1:50 p.m.
It has come to the attention of Nokian Tyres plc that the consideration of charges in the suspected securities markets offences concerning the company’s 2015-2016 Board members, President & CEO and certain employees has been completed.
On May 16, 2017, the Finnish Financial Supervisory Authority filed a request for investigation concerning whether the company had neglected its disclosing obligations to the security markets, and whether certain employees had abused insider information when dealing in the company’s securities.
In the matter concerning the suspected disclosure offence, the prosecutor has decided to press charges against a total of six persons who acted as Board members and the President & CEO in 2015-2016. The prosecutor also requests a corporate fine of a maximum of EUR 850,000 to be imposed on the company.
The prosecutor has also decided to press charges for suspected abuse of insider information against four persons who were employees of Nokian Tyres in 2015.
All persons charged deny their involvement in any criminal activity. The company will not comment on the matter.
Nokian Tyres plc
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Distribution: Nasdaq Helsinki, media, and www.nokiantyres.com