Finanssivalvonta - Company Announcement

Financial Supervisory Authority imposes penalty payment of EUR 35,000 on Investors House Oyj

FIN-FSA PRESS RELEASE                               25.11.2016

Financial Supervisory Authority imposes penalty payment of EUR 35,000 on
Investors House Oyj 

The Financial Supervisory Authority (FIN-FSA) has imposed a penalty payment of
EUR 35,000 on Investors House Oyj, as in 2013–2016 the company has violated
several provisions of the Securities Markets Act, and the regulations of the
FIN-FSA and other provisions issued by virtue of said Act, concerning the
issuer's disclosure obligation and the public disclosure of regulated
information. 

The shares of Investors House Oyj are admitted to trading on a regulated market
operated by Nasdaq Helsinki Ltd. In September 2013, the company failed to
comply with the ongoing disclosure obligation, as provided in the Securities
Markets Act, by omitting to disclose, without undue delay, matters relating to
the company and its operations that are likely to have a material effect on the
value of the company's shares. The company has failed to issue a profit warning
after it had become likely for the company that the future prospects presented
for the financial period in respect of profit from rental operations will not
realise. 

In addition, in February 2014 and in 2016, the company failed to disclose, via
a separate stock exchange release, information on its future prospects,
financial performance and dividend distribution proposal. Disclosure of these
matters materially impacting the value of the shares in a report attached to
the stock exchange release was not adequate. In March 2016, the company also
failed to comply with other provisions relating to the public disclosure of
regulated information. 

The objective of the provisions concerning the ongoing disclosure obligation is
to ensure that investors have access to sufficient information on matters that
are likely to have a material effect on the value of a security. The purpose of
procedures relating to the disclosure of regulated information is to ensure
investors’ fast, equal, non-discriminatory and simultaneous access to the
information. 

The amount of a penalty payment is based on a comprehensive assessment taking
into account, among other things, the nature, extent and duration of the act
and the financial position of the actor. A penalty payment shall amount to no
more than 10% of the turnover of the year preceding the omission and to no more
than EUR 10 million. The maximum amount of a penalty payment determined on the
basis of the company's turnover for 2012 would have been slightly more than EUR
55,000. The penalty payment is ordered payable to the State. 

The decision of the FIN-FSA is not yet legally binding. The company has the
right to appeal the decision of 22 November 2016 to the Market Court within 30
days of the receipt of notice of said decision. 

For further information, please contact

Sonja Lohse, Head of Director General's Staff, Chief Advisor

Requests for interviews

FIN-FSA Communications, tel. +358 50 385 5154

Appendix

Decision by the Financial Supervisory Authority (pdf, in Finnish)

Attachments:

Paatos_Investors_House_22112016.pdf