LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 24 OCTOBER 2016 AT 10:30 A.M. REIMBURSEMENTS TO LEMMINKÄINEN RELATED TO THE ASPHALT CARTEL SPECIFIED TO APPROXIMATELY EUR 19 MILLION WITH INTEREST AND EXPENSES On 20 October 2016, the Court of Appeal of Helsinki gave its decisions in the legal proceedings concerning the damages related to the asphalt cartel. Regarding the 37 claims against Lemminkäinen, Lemminkäinen and other asphalt industry companies are entitled to receive reimbursements in total approximately EUR 20 million (consisting of capital amount of approximately EUR 14 million less as well as interest and legal expenses of approximately EUR 6 million less than according to the decisions of the District Court). Of these reimbursements, Lemminkäinen is entitled to receive refunds (based on Lemminkäinen’s own share and those shares of other defendants that Lemminkäinen has paid) in total approximately EUR 19 million consisting of capital as well as interest and legal expenses. As stated in the stock exchange release on 20 October, Lemminkäinen will record the reimbursement as income in its fourth -quarter result. The above figures include Lemminkäinen’s share of the damages awarded by the Court of Appeal to the State of Finland and one municipality, the claims of which against Lemminkäinen had been rejected by the District Court. LEMMINKÄINEN CORPORATION Corporate Communications ADDITIONAL INFORMATION: Casimir Lindholm, President and CEO Tel. +358 2071 53304 casimir.lindholm@lemminkainen.com DISTRIBUTION: Nasdaq Helsinki Ltd Key media www.lemminkainen.com Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and 4,800 professionals we employ, we build a sustainable society. In 2015, our net sales were EUR 1.9 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com
Reimbursements to Lemminkäinen related to the asphalt
Top 10 Most Recent News Articles
K-12 Scholarship Foundation Opens Doors for Students Nationwide
Educational opportunities shouldn't feel like a game of chance, yet that's often the reality for many families out there. The K-12 Scholarship Foundation is making a play to level the educational playing field. With scholarship applications now open in 32 states, and pre-registration available in 18 more—including the District of Columbia—this nonprofit aims to extend...
Continue Reading
Anchorage Home Sellers: Pricing Strategy Insights Revealed
Understanding Anchorage's Real Estate Climate In the bustling world of Anchorage real estate, it's not what you hear nationally that counts—it's about reading the nuances of your own backyard. That’s the principal mantra disseminated by Real Estate Expert Gary Cox, affectionately known as the 'King', in his latest discourse with HelloNation. A pertinent perspective...
Continue Reading
Intoxalock's Breathalyzer Launch: Implications for Investors
A One-Touch Solution in the DUI Landscape Kicking off today's market chatter, Intoxalock—the heavyweight in ignition interlock devices—is rolling out its sparkly new one-touch breathalyzer in the states of Pennsylvania and New Jersey. Now, these developments might not sound like Wall Street headliners at first glance, but don't blink; they've got teeth for those of us...
Continue Reading
Fibocom & Suntek Tackle Smart Lawn Mower Market
Robotic Mowers Meet Tech Mastery In the never-ending quest to tech-up every corner of our lives, robotic mowers are carving out their patch of the market—thanks in no small part to Fibocom and Suntek teaming up like a couple of tech-savvy gardeners. Here’s the lowdown: In Munich, during the electronica 2026 show, these two companies showcased how they’re making...
Continue Reading
Obesity Diagnosis: Why BMI Falls Short, Fresh Insights
Beyond BMI: Rethinking Obesity Diagnosis If you ever thought body mass index (BMI) was the ultimate measure of obesity, think again. A groundbreaking study, featuring over 844,000 adults and spanning four countries, pokes holes in that assumption and delivers a wake-up call on how we diagnose obesity and assess health risks. Led by King's College London, this research...
Continue Reading
HelloNation Elevates Contractors' Expertise at PHCC NC
Times are changing, and the digital landscape keeps morphing—who can keep up? That's exactly what's on the agenda as McKenzie Finkhousen and Alton Baird lead HelloNation into the 2026 PHCC of NC Annual Meeting. This ain't just another LinkedIn meet-up—this is a proper gathering of minds in plumbing, heating, and cooling biz right at Harrah's Cherokee Casino Resort....
Continue Reading
HNCEXPO Shenzhen 2026: A Hub for Global Health Trends
Spotlight on Health and Innovation at HNCEXPO In the bustling city of Shenzhen, where skyscrapers meet the sea, HNCEXPO 2026 wrapped up a colorful spectacle, leaving a vibrant impression on the health and nutrition industry. This isn't just any trade show—it's where global innovators gather to showcase the latest in nutraceuticals, dietary supplements, and smart senior...
Continue Reading
Huawei Shakes Up Home Energy With LUTERRA S2
Welcome to the Future of Home Energy If you thought home energy systems couldn't get any slicker, Huawei's got news for you. They just dropped the LUTERRA S2, a swanky, all-in-one residential energy system that's about to put your old setup to shame. This ain’t your granddad's inverter. We're talking hybrid functionality with storage and AI-driven energy management...
Continue Reading
VTech's Revenue Jump: Profit Margins Slip Amid Cost Surge
Charting VTech's Financial Waters Well, here we are – another chapter in the saga of VTech, the electronic learning product titan. This time, they've danced a jig of higher revenues, a sweet 5.6% jump to $1,046.9 million for the six months leading to September 2026. But hang on, the party's not all balloons and confetti. Profit margins? They're bobbing like a ship in a...
Continue Reading
ACR Poker's $20M OSS Series: A High-Stakes Arena
The Big Poker Showdown Now, this is more like it. ACR Poker's $20 million guaranteed Online Super Series (OSS) is back in town, turning the virtual felt into a battlefield. We're talking a lineup that's more stacked than the chips at a high-stakes table. This series is running from November 8–24, and it's not just about the cash. They've thrown in over $77,000 in...
Continue ReadingTop 5 Most Recently Viewed Articles
CYIOS Corp. Appoints John O'Shea to Drive Future Growth
CYIOS Corp. Welcomes John O’Shea as New CEO CYIOS Corp. (OTC: CYIO), a dynamic holding company focused on innovative and high-growth businesses in the medical and technology sectors, is excited to announce the appointment of John O'Shea as its Chief Executive Officer and Chairman of the Board. This decision marks a pivotal moment for the company as it aims to expand and...
Continue Reading
Navigating Managerial Transactions at Danske Bank: Key Updates
Danske Bank A/S: Insights into Managerial Transactions In the realm of corporate finance, understanding transactions handled by individuals in key managerial roles is vital for transparency and investor confidence. Danske Bank A/S, a prominent financial institution, has recently notified relevant stakeholders regarding significant transactions made by those required to...
Continue Reading
Orgenesis Launches Trading on OTCQX Following Nasdaq Delisting
Orgenesis Begins Trading on OTCQX Orgenesis Inc, a prominent player in the biotech sector dedicated to enhancing cell and gene therapies, has recently made a significant shift by commencing trading on the OTCQX Best Market under the ticker symbol "ORGS". This transition comes after the company faced delisting from the Nasdaq Stock Market due to not meeting the necessary...
Continue Reading
Class Action Against AMMO, Inc. for Securities Fraud Unfolds
Overview of the Class Action Lawsuit The law firm Glancy Prongay & Murray LLP has launched a class action lawsuit concerning AMMO, Inc. (NASDAQ: POWW). This legal action is being pursued on behalf of investors who acquired AMMO securities during a specified period. The lawsuit was filed in the United States District Court for the District of Arizona and highlights...
Continue Reading
What to Expect from Saratoga Investment's Upcoming Earnings
Saratoga Investment's Quarterly Earnings Anticipation Saratoga Investment (NYSE: SAR) is preparing to announce its upcoming quarterly earnings, which is generating a buzz among investors. With projections being an essential aspect of stock evaluations, this report is particularly important for those invested in the company. Analysts are forecasting that Saratoga...
Continue Reading