The District Court of Helsinki has given its ruling on the case relating to Talvivaara Mining disclosure practices and involving Endomines AB’s CEOPress release (PDF)
Endomines has been informed that the District Court of Helsinki has today given its ruling on the case relating to Talvivaara Mining Company Plc’s disclosure practices in 2012 and 2013. The prosecutor had brought charges against three members of Talvivaara’s management, and in her role as the former CFO and Board member of Talvivaara, also Saila Miettinen-Lähde was prosecuted under Finnish law in two counts of securities market information offence.
In its ruling, the District Court dismissed the other count concerning Saila Miettinen-Lähde, but imposed a fine on her for the other. The decision is not yet final, and the case may be appealed to the Court of Appeals. On her part, Saila Miettinen-Lähde finds the District Court’s ruling erroneous and will appeal the case to the Court of Appeals.
The Board of Endomines has been duly informed of the case and has continuously full confidence in Saila Miettinen-Lähde and her ability to continue acting as the CEO of Endomines.
For more information
Chairman of the Board of Endomines AB
+358 50 020 92 16
Saila Miettinen-Lähde, CEO of Endomines AB, tel. +358 40 548 36 95
This information is information that Endomines AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 12:00 CEST on JUNE 2, 2017.
Endomines is a gold concentrate producer with mining, development and exploration operations in Eastern Finland along the 40 kilometer long Karelian Gold Line. Through various regulatory approvals, Endomines controls the exploration rights to this entire area. Endomines vision is to participate in the future structural transformation and consolidation of the Nordic mining industry. The Company may therefore be involved in acquisitions of interesting deposits or companies, should such opportunities arise.
The shares trade on Nasdaq Stockholm (ENDO) and Nasdaq Helsinki (ENDOM). Company´s website www.endomines.com