ALDATA SOLUTION OYJ: INTERIM MANAGEMENT STATEMENT TO BE PUBLISHED INSTEAD OF INTERIM REPORT IN MAY 2012 AND EXEMPTION GRANTED BY THE FINNISH FSA ON SUBSEQUENT REPORTING OBLIGATIONS
(Thomson Reuters ONE) -
Aldata Solution Oyj, Stock Exchange Release, 7 May 2012 at 8.30 p.m. (EET)
ALDATA SOLUTION OYJ: INTERIM MANAGEMENT STATEMENT TO BE PUBLISHED INSTEAD OF
INTERIM REPORT IN MAY 2012 AND EXEMPTION GRANTED BY THE FINNISH FSA ON
SUBSEQUENT REPORTING OBLIGATIONS
Aldata Solution Oyj ("Aldata") has decided to move to the publication of an
interim management statement in accordance with Chapter 2, Section 5 c of the
Securities Market Act instead of publishing an interim report for the first
three and nine months of the financial year. Aldata believes that publishing an
interim management statement is more suitable than publishing an interim report
considering that the arbitral award regarding the redemption proceedings of the
minority shares of Aldata was rendered on 4 May 2012 and that Aldata's share
will thus be delisted in the near future. The market capitalization of Aldata is
below EUR 75 million and Aldata thus meets the preconditions set out in the
decree 153/2007 of the Ministry of Finance for moving to the publication of an
interim management statement. Aldata will publish the interim management
statement on 16 May 2012.
The Finnish Financial Supervisory Authority has on 7 May 2012 granted Aldata an
exemption from the obligation to publish before the beginning of the financial
year the fact that Aldata will not publish an interim report for the first three
and nine months of the year.
In addition, the Finnish Financial Supervisory Authority has granted Aldata an
exemption from the obligation to publish an interim report for the period 1
January - 30 June 2012 provided that the company will be delisted prior to 31
August 2012, as well as an exemption from the obligation to publish an interim
management statement during the second six months of the financial year 2012
provided that Aldata has been delisted six weeks before the end of the financial
year at the latest. In its decision, the Finnish Financial Supervisory Authority
has, among other things, taken into consideration that the redemption
proceedings became officially pending during the financial year 1 January - 31
December 2011, i.e. on 7 November 2011, and ended on 4 May 2012. Under the
Finnish Companies Act, the redemption price is determined based on the fair
price during the period preceding the initiation of the arbitral proceedings.
Aldata has received from NASDAQ OMX Helsinki Ltd a decision according to which
Aldata's share will be delisted. According to the decision of the Financial
Supervisory Authority, on these and other grounds presented by Aldata, and
provided that the share of Aldata will be delisted before 31 August 2012,
granting of the exemption cannot be considered to endanger the position of
investors nor to be contrary to the provisions of the European Community
regarding financial statements and consolidated financial statements. The share
of Aldata is expected to be delisted in July-August 2012.
Aldata Solution Oyj
Further information:
Investor relations, tel. +358 10 820 8000
About Aldata
Aldata is a global leader in retail and distribution optimization. Our software
and service solutions help retailers, distributors and manufacturers
dramatically improve their business performance. We optimize categories, space,
supply, logistics, and consumer engagement to increase our customers' revenue
and margins, reduce time, cost and waste, and enhance on-shelf availability,
service, and retention.
Founded in 1988, Aldata has an unparalleled track record of delivering
successful projects for the world's largest retail and consumer brands, national
wholesale and distribution organizations, and regional store chains. Aldata
Solution is a public company quoted on NASDAQ OMX Helsinki Ltd with the
identifier ALD1V.
Discover more about Aldata's customers, our solutions, and the multi-skilled
global team that supports them at www.aldata.com
Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.aldata.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aldata Solution Oyj via Thomson Reuters ONE
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Datum: 07.05.2012 - 13:31 Uhr
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