Purpose and scope
Investor relations (IR) activities in Nekkar ASA (the "Company") shall contribute to ensure that the information disclosed to participants in the financial markets provides the best possible basis for a correct valuation of the Company.
The overall target for the IR activities is to ensure that the Company complies with the laws and regulations that are applicable for a company listed on Oslo Stock Exchange. The Company's IR activities shall ensure that all participants in the financial markets have simultaneous access to accurate, clear, relevant and complete information about the Company's performance and market position, in order to give the financial markets a precise picture of the Company's financial position and other factors that may influence value creation in the Company.
The investor relations function
Correct and proper long-term assessment of the Company's shares depends on consistent and credible communication, the creation of well-founded expectations within the financial community - including shareholders, analysts and potential new investors - and consistent fulfilment of any expectations the company has helped to create.
The CEO and CFO is responsible for Nekkar’s IR function.
The IR function shall ensure continuous, precise and transparent communication with the Company's shareholders, investors, analysts and other stakeholders.
Equal information / Contact with investors
The investor community shall be given the opportunity to equal and simultaneous information about the Company. The Company's contact with the investor community should be neutral.
The IR function is responsible for the Company's contact with shareholders and the investor community, except in the matters of elections of board members. This work is led by the nomination committee, and is regulated by the guidelines set forth in separate instructions for the nomination committee.
Investors are free to contact the Company and the IR function will normally be the one who has regular contact with these. The investor relations function should facilitate shareholders' and other stakeholders' opportunity to provide direct input and discuss specific issues, always having due regard to the aim of ensuring equal and simultaneous information to the financial markets.
Financial information and other investor information
The financial reporting shall comply with the framework set out in the Norwegian Securities Trading Act, the Norwegian Accounting Act and Oslo Børs' continuing obligations for issuers of shares. In addition, the Company should comply with relevant recommendations and market practices for financial and other investor information.
The Company shall seek to follow the Norwegian code of practice for corporate governance, including the code's principles of transparency and disclosure of relevant information. This implies that information should be available on the Company's website www.nekkar.com and other relevant places.
The Company shall seek to comply with the latest version of the "Oslo Børs' IR recommendation".
Distribution of investor information
The Company's communication with the financial market participants shall be based on transparency and shall safeguard equal treatment of all participants.
Relevant information about the Company shall be published on the company's corporate website www.nekkar.com and through the distribution channel required by law where appropriate. All information distributed to the Company's shareholders, shall also be made available on www.nekkar.com as well as under the Company's ticker-symbol (“NKR”) on www.newsweb.no.
To the extent the Company chooses to hold a presentation in connection with its quarterly updates and/or interim financial reports, such presentations shall be open to investors, analysts and other stakeholders.
Interim reports must be published as soon as possible and no later than by the last day of the second month after the end of the accounting period in question in accordance with the stock exchange rules. The timing of the quarterly updates and interim financial reports shall be available in the Company's financial calendar at www.nekkar.com.
In addition to quarterly update presentations the Company shall have regular meetings with investors, analysts and journalists. The Company's investor relations function shall be easily accessible. The Company's possibility to provide individual participants, including investors and analysts, information about the Company, will be restricted both by the laws and regulations pertaining to information handling for listed companies and the general requirement for equal treatment.
Forward looking statements / guiding
In compliance with legal and regulatory requirements, the Company may provide information to the investment community with forward-looking statements about the future development of the Company. Such statements may be found in the quarterly presentations and annual reports, and aim to make financial markets better able to evaluate the Company and its future prospects.
The Company shall as a principle rule not publish specific guiding on the Company’s financial results. Any deviation from the principal rule of "guiding" shall always be approved by the Company's board of directors.
Financial calendar
The Company's financial calendar will be published on the company website www.nekkar.com as well as recorded in and published through Oslo Børs News Point (www.newsweb.no), at the latest by the end of each financial year. The financial calendar contains an overview of the planned timetable for the publication of financial results and the annual general meeting for the following financial year.
Silent period
Investor and analyst meetings will, as a main rule, not be held in the four last weeks prior to the publication of quarterly presentations/interim financial reports. In the same period the Company shall furthermore not provide comments to the press or others regarding the Company's results and prospects.