Nokian Tyres plc: Matter concerning magazine tire tests has proceeded to consideration of charges
Nokian Tyres plc Stock Exchange Release March 27, 2019 3:00 p.m.
It has come to the attention of Nokian Tyres plc that the police has moved the suspicions of securities markets offences concerning the company’s 2015–2016 Board members, President & CEO and certain employees to consideration of charges. The matter is related to magazine tire tests and the practices related to them.
On May 17, 2017, the Finnish Financial Supervisory Authority filed a request for investigation concerning whether the company’s Board had neglected its duty to inform the security markets, and whether specific company employees had taken advantage of insider information when dealing in the company securities.
The suspects have denied any involvement in criminal activity. The company will not comment on the matter.
Nokian Tyres plc
Päivi Antola, tel. +358 10 401 7327
SVP, Corporate Communications and Investor Relations
Distribution: Nasdaq Helsinki Ltd, media, www.nokiantyres.com
Nokian Tyres is the world’s northernmost tire manufacturer and one of the most sustainable companies in the industry. We offer peace of mind in all conditions by developing high-quality, safe and eco-friendly tires for passenger cars, trucks and heavy machinery. We are especially well known for our innovative winter tires. Our group also includes the Vianor chain, specializing in vehicle maintenance and tire services. In 2018, the company’s turnover was approximately EUR 1.6 billion and it employed some 4,800 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com