The Board of Directors of Kesko Corporation has, on 17 December 2020, approved an updated disclosure policy, which describes the key disclosure principles Kesko observes in its investor communications and financial reporting. The updated disclosure policy comes into force on 1 January 2021. The main changes to the disclosure policy concern the “silent period” and a new “investor news” category for releases.
Each financial results release is preceded by a silent period during which Kesko does not comment on Kesko Group’s financials or the outlook for Kesko Group or the market, and does not hold any investor meetings. The silent periods begin on 1 January, 1 April, 1 July and 1 October, but always last for at least 21 days, ending once the financial results for the relevant reporting period are released. Before, Kesko observed a static 30-day silent period before the publication of its financial statements release, half year financial report, and interim reports.
Kesko will also begin publishing investor news alongside stock exchange releases and press releases. In the investor news category, Kesko will disclose information relating to its business operations that does not meet the criteria set for stock exchange releases by regulation or the disclosure policy, but is deemed to be of general interest to investors. For example, Kesko’s monthly sales releases will be published as investor news from now on.
The updated disclosure policy is attached to this release. The policy is also available on Kesko’s website.
Karoliina Partanen, EVP, Communications, Brand, and Stakeholder Relations, tel. +358 105 320 744
Jukka Erlund, Chief Financial Officer, tel. +358 105 322 113
Hanna Jaakkola, Vice President, Investor Relations, tel. +358 105 323 540
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