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
Nokian Tyres develops and manufactures premium tires for people who value safety and sustainability. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2019, the company’s net sales were EUR 1.6 billion and it employed some 4,700 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com