Ixonos - Company Announcement

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

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completely unpublished.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

Main media

Attachments:

Ixonos_FIVA-Penalty payment_12.12.2016_EN.pdf