Disclosure policy
(This is a summary of the disclosure policy)
Summa Defence is a listed company and complies with Finnish and EU legislation, the regulations and guidelines of the European Securities and Markets Authority and the Financial Supervisory Authority, as well as the rules and insider guidelines of Nasdaq Helsinki Ltd.
Summa Defence´s policy for communication and information is designed to ensure that the Company has high quality in its communication actions. The policy is applicable to all employees and Board members.
The Company’s communication shall be objective, relevant and clear. Relevant Information related to the company should be easily accessible to its stakeholders. The information must be accurate and correct, and it must never be misleading.
Communication channels
Summa Defence´s main communication channels are the company’s website, company releases, press releases, interim reports, presentations, annual reports, listing prospectuses, other information materials, and analyst and investor meetings.
The releases published by Summa are divided into two categories: company releases and press releases. News that falls within the scope of the continuous and regular disclosure obligation is published as company releases and inside information as defined in regulation.
Summa Defence issues a press release on matters that do not meet the requirements defined for a company release, but which may be of interest to stakeholders.
Responsibilities
Summa Defence’s CEO is responsible for communications and decision-making in relation to the sharing of information. The CFO and the Chief Communications Officer support the CEO in this task.
Representatives appointed from among the company’s managers can answer factual questions based on information that is already disclosed and public.
The CEO is responsible that inside information in the form of company announcements, quarterly reports and year-end reports is published without delay in a non-discriminatory manner to the public.
The CEO is responsible for handling communication with media and the financial markets regarding the Company in general. All information that may constitute inside information shall be handled by the CEO or a person nominated by the CEO. Other employees and executives of the Company contacted by investors, shareholders, analysts and the media should always refer directly to the CEO without further comment. Subsidiaries and employees of subsidiaries within the group shall not communicate with the media without the approval of the CEO.
The Company’s Certified Adviser in accordance with the rules of the Nasdaq First North Growth Market Rulebook is Augment Partners AB.
Key principles of communication
Summa Defence publishes a company release of an inside information that may have a material impact on the value of the company or its financial instruments without delay. Insider administration is described in the section: https://summadefence.fi/en/investors/governance/insider-management/.
A company release is published, among other things, in the following situations:
- Regulated matters covered by the disclosure obligation such as; Annual Report and Interim Reports, Resolutions of the Annual General Meeting, Changes in Management
- Large orders and investment decisions,
- Joint ventures or other material agreements,
- The acquisition and divestment of companies or businesses,
- Credit or customer losses,
- The commencement or settlement of legal disputes, and relevant court decisions,
- Authority decisions,
- Market rumors and information leaks,
- Information relating to subsidiaries or other associated companies,
- Unexpected changes in the financial result or position and
- Radical changes in the Company’s business.
Company announcements and press releases are published in English and Finnish, the official languages of the company.
The Company’s main principle is not to comment on inquiries, speculation and rumors in the market that relate to the Company. Rumors covered by this may either be of substance or lack substance.
Summa Defence retains the company releases it publishes on its website for at least five years due to its continuous disclosure obligation and the financial reports it publishes due to its regular disclosure obligation for at least ten years.
Postponement of disclosure
Summa Defence may choose to use its right to postpone the publication in accordance with the MAR. The CEO of Summa is responsible for the decision of suspension and for ensuring that the decision complies with the provisions and guidelines of the legislation.