FINANCIAL SUPERVISORY AUTHORITY IMPOSES PENALTY PA

Helsinki, Finland, 2016-12-12 08:01 CET (GLOBE NEWSWIRE) -- Ixonos Plc          Stock Exchange Release          12 December 2016 at 09:01  

FINANCIAL SUPERVISORY AUTHORITY IMPOSES PENALTY PAYMENT OF EUR 5,000 ON IXONOS PLC

The Financial Supervisory authority imposed a penalty payment of EUR 5,000 on Ixonos Plc (“Ixonos” or “Company”) on 7 December 2016. The penalty payment was based on the breach of the Financial Supervisory Authority’s regulations supplementing the provision of Chapter 10 Section 3(1) of the Securities Markets Act that occurred in 2015 in the Company’s disclosure procedure under the obligation to disclose periodic information. The Company had neglected to ensure that the auditor’s further information referred to in Section 15 of the Auditing Act, included in the auditor’s report for the financial period 1 January 2014 – 31 December 2014, was published in its complete and original form.

According to the stock exchange release published by the Company on 20 March 2015, the Company’s financial statements for the financial period 2014 had been published on the Company’s website. The financial statements for the financial period 2014 on the Company’s website show that the auditor’s report for the financial period 2014 contained the auditor’s further information as referred to in Section 15 of the Auditing Act. The auditor had dated the auditor’s report 19 March 2015. The Company published the information, concerning the emphasis of a particular factor and included in the auditor’s report, by a stock exchange release on 9 April 2015 after the Financial Supervisory Authority made a remark of the matter to the Company. When considering the amount of penalty payment, the Financial Supervisory Authority paid particular attention to, inter alia, the fact that it was question of an individual omission and that the information concerned by the omission had not remained completely unpublished. The Financial Supervisory Authority is not aware of the Company’s omission resulting in any profit for the Company or any financial losses to investors, either.

Ixonos has also changed its procedure to comply with the Financial Supervisory Authority’s instructions. In addition, the Company’s CEO and CFO have changed in 2015. The penalty payment is not expected to have any significant effect on the Company’s financial situation or instructions. Ixonos is not going to appeal the penalty payment.

Helsinki 12 December 2016

IXONOS PLC

CEO Sami Paihonen

For more information, please contact:

Ixonos Plc

CEO Sami Paihonen, tel. + 358 50 502 1111, sami.paihonen@ixonos.com

Distribution:

Nasdaq Helsinki Ltd

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