Change in Ahlstrom-Munksjö Oyj's reporting practice
AHLSTROM-MUNKSJÖ OYJ STOCK EXCHANGE RELEASE APRIL 12, 2021 at 15:00 EET
Ahlstrom-Munksjö has decided to change its financial reporting practice in respect of quarterly (Q1 and Q3) reports. Taking into account the pending redemption proceedings concerning the Company's shares and the Company's decision to apply for delisting of its shares, the Company will no longer publish interim reports prepared in accordance with IAS34 for first three (Q1) and first nine months (Q3) of the financial year. During the time the Company remains listed on Nasdaq Helsinki Ltd and/or Nasdaq Stockholm Ltd it intends to publish financial information for said periods in the form of a shorter business review. As a consequence of the change in the reporting practice the Company will not publish an interim report for January-March 2021 on April 27, 2021 as previously announced.
The Company's parent company Spa Holdings 3 Oy is required to report consolidated financial information for the January-March 2021 period to its debt investors by the end of June 2021. The Company intends to publish a business review for January-March 2021 simultaneously with such consolidated reporting by its parent company, provided that the Company's shares are still listed at the time. The exact timing of the possible publication of the business review will be announced later.
As previously announced, the Company's Board of Directors has resolved to submit applications to Nasdaq Helsinki and to Nasdaq Stockholm for the termination of public trading and for the delisting of the Company's shares to become effective (i) in respect of the shares admitted to trading on the main market of Nasdaq Stockholm on or about May 31, 2021, and (ii) in respect of the shares admitted to trading on the official list of Nasdaq Helsinki as soon as possible upon Spa Holdings 3 having gained title to all the shares in the Company in the pending redemption proceedings.
Additional information:
Johan Lindh, Vice President, Communications and Investor Relations, + 358 10 888 4994
Juho Erkheikki, Investor Relations Manager, +358 10 888 4731
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Our mission is to expand the role of fiber-based solutions for sustainable everyday life. Our offering includes filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials, diagnostics and energy storage solutions, as well as a range of specialty papers for industrial and consumer end-uses. Our annual net sales is about EUR 2.7 billion and we employ some 7,800 people. Read more at www.ahlstrom-munksjo.com