In its disclosure, Fondia Plc complies with the EU Market Abuse Regulation (MAR), the Finnish Securities Markets Act, the disclosure requirements for companies listed on the Nasdaq First North Growth Market Finland, which are regulated by the First North Growth Market Rulebook and the rules of Nasdaq Helsinki Ltd, and the disclosure policy approved by the Board of Directors. The company's disclosure policy sets out the objectives and principles of Fondia Plc's communications.
The objective of Fondia Plc's communication is to ensure that all market participants have access, without delay and at the same time, to adequate, reliable, relevant and consistent information about the company and its operations, strategy, objectives, financial performance and any other matters affecting the value of the financial instrument issued by the company.
The company is committed to the following guiding principles in its disclosure:
fair, consistent, regular and transparent information;
the information disclosed is accurate, reliable and relevant; and
material information is made public as soon as possible and is easily accessible to investors, market participants and the company's stakeholders.
Fondia Plc publishes, in addition to the financial statements release and the half-yearly financial report, business reviews after the first and third quarter. The financial statements release is published without undue delay, but no later than three months after the end of the financial year. The financial statements information shall be published internally and externally only after the financial statements bulletin containing the same information has been published as a company release. The half-yearly and annual reports are published without undue delay after approval by the Board of Directors, but no later than two months after the end of the reporting period. The company publishes its annual accounts at least three weeks before the Annual General Meeting.
In accordance with the decision of the Board of Directors, the company complies with all recommendations of the Finnish Corporate Governance Code 2020 ("Corporate Governance Code"). In accordance with the regulations, the company publishes in annual corporate governance statement, an annual report on the remuneration of the governing bodies and a remuneration policy at least every four years.
The company reports annually on its future outlook in the Board of Directors' report. In addition, the company assesses its future development in the financial statements release, in the half-yearly report and in the business reviews for the first and third quarters. The Board of Directors may also decide to issue a separate forecast. If necessary, the company will update the outlook in separate releases.
The company's press releases are divided into two categories: company releases and press releases. The category of press releases is selected on the basis of the materiality and importance of the information, in accordance with the applicable regulations.
The official reporting language of the company is Finnish. The company publishes its financial reports, business reviews and other corporate disclosures in both Finnish and English.
The official language of other investor communications is Finnish, in addition to which English may be used in investor communications to the extent deemed necessary by the company. Press releases may be published in any relevant language as necessary.
Operational responsibility for the implementation of the disclosure policy lies with the company's CEO. The CEO is assisted in this implementation by an Investor Relations team, which includes staff from the company's Legal, Finance and Marketing departments. The Board of Directors of the company has the ultimate decision-making authority for external communications and approves and confirms the disclosure policy. The CEO, the company's authorized adviser and the Board of Directors, as far as matters within the Board's decision-making authority are concerned, approve all company releases prior to their publication.
In addition, the persons involved in the management of the company's investor communications meet with the approved adviser at least quarterly and the Board of Directors at least twice a year.
All press releases are reviewed and approved by the CEO and Group Marketing Officer prior to release.